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At the time, Cuba was a monoculture economy. While they produced coffee, tobacco, and rice, they relied primarily on sugar. Thus, they were known by other countries as the "sugar bowl of the world." The United States bought sugar from the Republic of Cuba at a price higher than the global standard.
The name Cuba, is derived from its original indigenous name, Cubanascnan. Columbus first landed on Cuba in 1492 but Spanish colonization of the island did not begin until 1511, with the establishment of settlements at Baracoa, Santiago de Cuba (1514) and Havana in 1515.