Economy
In 1900, António de Sousa Lara, the company "Ferreira Marques & Fonseca" and the Bensaúde firm created the Commercial Company of Angola (Companhia Comercial de Angola). Lara established his first sugar mill in 1901, expanding his sugar-cane plantations in Benguela to 1,000 acres (4 km2) of land in 1915. He employed a thousand workers and produced 2,500,000 pounds of sugar annually. He used the profits from his initial investment to build a railroad to his personal port. The CCA became the largest trading company in the Angolan colony.
In 1901, the Portuguese government imposed a quota of 6,000 tons of sugar production per year on Angola and Mozambique.
Read more about this topic: 1900s In Angola
Famous quotes containing the word economy:
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)