By the early 20th century, agriculture was not providing enough money or jobs for the growing population in the Caribbean
Land was limited and it could only produce so many crops which could only be sold for so much money
As a result, people started thinking about developing the manufacturing, oil and mining industries in the region
The exploitation of naturalresources in British Guiana, Jamaica and Trinidad was the basis upon which industrialization was embarked on in the 1940's
Apart from minerals, there were a few other industries
ice
bread
cakes
matches
coals
a few types of clothing
sugar
rum
Barriers to industrialization
Limited capital
Lack of fuel
Limited knowledge of industry
Few workers with technical skills
Few entrepreneurs
Countries in the region had to depend on foreigninvestors to provide money to start these industries
Before investors would decide to spend their money on building these industries Caribbean countries had to promise the investors certain incentives such as tax breaks, protection from foreign competition and the promise that they would not have to pay taxes on raw materials and equipment
In the 1890s, the first tourists had to be satisfied with the few inns available in the islands
By the 1920s, a few hotels had been built
The colonial government also gave tax incentives to hotelbuilders
The Caribbean governments after the 1960s began to advertise their countries as touristdestinations
There were some problems in the beginning of the development of the tourist industry in the Caribbean as the tourists were seen as the new colonial masters and blacks working in the touristindustry sometimes experienced prejudice as tourists were mostly white
In 1972 about 5 million people travelled to the Caribbean
By 1985, the figure increased to 8million
The importance of tourism varies from island to island
The entire region accounts for only 2.5% of the worldtourist trade
The islands
They are famous for their scenicbeauty, warmclimate and whitesandy beaches as well as the warmth of the people
The historicaldiversity of the islands offers a wide variety of French, English and Spanish cultures which have been blendedin with African and Indiantraditions
The proximity of the Caribbean to the UnitedStates has been favourable for the islands' tourist industry since many visitor come from the US
Many airlines offer vacation packages which enable visitors to stopover at severalislands at reasonable rates
Cruise shipping has become so important that in the late 1980's the government of Trinidad invested severalmilliondollars in building a cruise ship complex to facilitatetourists who vacation via cruises
The growth and development of transportation saw larger ships that could carry more passengers
Only in Jamaica (mining), Barbados, Puerto Rico (manufacturing) and Trinidad (petroleumproduction and refining) have the mining and manufacturing sectors managed to outstripgrowth in the agriculturalsector
In most territories, mining centers on the quarrying of localstone and sands for construction
Manufacturing comprises processing of local agriculturalproducts and down line assembling of products at their finalstage
Screwdriver industries
Industries based on automobiles, radios, televisions, aluminium, steel, rubber, and plastics. They were called screwdriver industries because in these factories, the workers only puttogetherparts to make the finishedproduct
Bauxite
A clay-like ore aluminium which consists mainly of hydrated aluminium oxide but includes other substances as well
Bauxite is found primarily in tropicalareas where water has dissolved the solubleminerals from the soils, leaving a residue of insoluble aluminium oxide and iron
Bauxite is refined into an intermediate product called alumina which in turn is smelted into aluminium
Bauxite was first found in Guyana in 1910. In 1916, the firstbauxite company was set up. called the Demerara Bauxite Company. In 1917, bauxite was exported from Guyana for the firsttime and soon after another company called the SurinameBauxiteCompany was set up
The depression of 1929 in the U.S. however caused a slump in the Bauxite Industry in Guyana
Bauxite was first found in Jamaica in 1869 and first mined in 1890
There was a huge demand after 1939 because of World War II because bauxite was used to make weapons and vehicles
Jamaica ranks as the world'sthirdlargestexporter of bauxite behind Australia and Guinea
The growth in worlddemand for oil helped grow the oilindustry due to major developments in motor vehicle, aircraft and ship technology by WorldWarII (1939-1945) which caused an increase in the need for oilproducts
Trinidad and Tobago'soilproduction and export levels raisedhigheryearafteryear, in fact, Trinidadsupplied the British and Allied Forces with much of the fuel needed for WWII
By the 1960s, the island was supplying over 20millionbarrels of oil each year
This pushed oil exports to the position of number1revenueearner for Trinidad and Tobago
Interested people both in Trinidad and abroad saw the vastpotential of the oil industry
The government was also very interested and involved in the industry