The Economy of Cuba

The Economy of Cuba

Assessment

Interactive Video

Business, History, Social Studies

7th - 12th Grade

Hard

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Cuba's economy is a unique blend of capitalism and communism, shaped by historical influences from the US and the Soviet Union. Despite its natural resources and educated workforce, Cuba struggles economically due to past American corporate dominance and the collapse of the USSR. The Cuban Revolution led to nationalization, but US trade embargoes and the loss of Soviet support caused economic hardship. In response, Cuba opened up to tourism and foreign investment, leading to some economic improvement. However, challenges remain, such as low salaries for professionals and reliance on tourism.

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4 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

Discuss the impact of the Cuban Missile Crisis on Cuba's relationship with the United States.

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What are some of the paradoxes in Cuba's healthcare system as described in the text?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

How did the Cuban government manage to maintain a relatively high quality of life for its citizens?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the implications of the statement 'Cuba had effectively shrugged off Spanish colonialism for corporate colonialism'?

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