During the Great Depression, New York lawyer Thomas L. Chad-bourne supervised two agreements to alleviate the problem of stockpiled Cuban sugar. The 1930 Cuban Stabilization Law imposed production controls on the sugar industry. The following year, the Chadbourne Plan established international guidelines for sugar production and marketing.
The continuing depression and concomitant autarky, however, ended the plan's hope that world consumption would climb as sugar tariffs ended. By imposing the largest production reduction on Cuba, the plan benefited only U.S. banks holding stockpiled sugar, while hurting Cuban sharecroppers and cane cutters. Therefore, it only added anticapitalist fuel to Cuban nationalism, already inflamed by the Platt Amendment.
Harry F. Guggenheim, The U.S. and Cuba: A Study in International Relations (1934).
Boris Swerling, International Control of Sugar, 1910–1941 (1949).
Jules Benjamin, The United States and Cuba: Hegemony and Dependent Development, 1880–1934 (1977).
Ayala, César J. American Sugar Kingdom: The Plantation Economy of the Spanish Caribbean, 1898–1934. Chapel Hill: University of North Carolina Press, 1999.
Santamaría García, Antonio, and Carlos Malamud. Sin azucar no hay país: La industria azucarera y la economía cubana (1919–1939). Sevilla: Secretariado de Publicaciones de la Universidad de Sevilla: Diputación de Sevilla, Servicio de Archivo y Publicaciones, 2001.
Zanetti Lecuona, Oscar and Alejandro García Alvarez. Sugar & Railroads: A Cuban History, 1837–1959. Chapel Hill: University of North Carolina Press, 1998.
Zanetti Lecuona, Oscar. Las manos en el dulce: Estado de intereses en la regulación de la industria azucarera cubana, 1926–1937. La Habana: Editorial de Ciencias Sociales, 2004.
"Chadbourne Plan." Encyclopedia of Latin American History and Culture. . Encyclopedia.com. (September 23, 2018). http://www.encyclopedia.com/humanities/encyclopedias-almanacs-transcripts-and-maps/chadbourne-plan
"Chadbourne Plan." Encyclopedia of Latin American History and Culture. . Retrieved September 23, 2018 from Encyclopedia.com: http://www.encyclopedia.com/humanities/encyclopedias-almanacs-transcripts-and-maps/chadbourne-plan
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