Antonio Prio Socarras

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Carlos Prío Socarrás was the 16th president of Cuba, taking power in 1948. This was a time of growing prosperity. The influx of investment fueled a boom which did much to raise living standards across the board and create a prosperous middle class in most urban areas, although the gap between rich and poor became wider and more obvious.” [1]


  1. José, Alvarez 2004 Cuban Agriculture Before 1959: The Social Situation. FE480 Extension Service/Institute of Food and Agricultural Sciences/University of Florida” Law No. 5 created the Banco de Fomento Agrícola e Industrial de Cuba (BANFAIC), which was enacted on December 20, 1950, by President Carlos Prío Socarrás. (In fact, Law No. 13 of 1948, establishing Cuba's national bank, envisioned an agricultural bank as a necessary complement.) Law No. 15 of 1949 authorized the issuance of $200 million in bonds. Of the $25 million going to BANFAIC, an equal distribution went to the agricultural and industrial branches. … It is clearly stated in the ACU study: “The city of Havana is living an epoch of extraordinary prosperity, while in the countryside, people, especially the agricultural workers, are living in sluggish, miserable, and desperate conditions too difficult to believe” (Gastón et al., 1957, p. 6). Thus it is obvious that the living conditions in the city of Havana, and perhaps in a few other urban areas of Cuba, did not parallel those described in this fact sheet for the countryside.”