Influence in The Economy
The descendants of the first Spanish settlers owned most of the land in the coastal areas, however some of the well-to-do German immigrants were able to settle in these areas and establish their businesses in coastal towns such as Fajardo, Arroyo, Ponce, Mayagüez, Cabo Rojo and Aguadilla. Those who expected free land under the terms of the Spanish Royal Decree, settled in the central mountainous areas of the island in towns such as Adjuntas, Aibonito and Ciales among others. They made their living in the agricultural sector and in some cases became owners of sugar cane plantations. Others dedicated themselves to the fishing industry. Amongst these German settlers in Puerto Rico were Johann Kifenhover, who in 1832 established a school in San Juan and Adolfo Rauschenplatt, who founded a sugar cane export business. In 1915, Walter Tischer married Carmen Vargas Alayon and opened a ballet school in San Juan which still exists today. Some of the businesses founded in Puerto Rico were Mullenhoff & Korber, Frite, Lundt & Co., Max Meyer & Co. and Feddersen Willenk & Co. Korber Group Inc. one of Puerto Rico's largest advertising agencies was founded by the descendants of William Korber.
Unlike their counterparts who settled in the United States in close knit communities, the immigrants in Puerto Rico intermarried with Puerto Ricans and adopted the language and customs of the island thereby completely integrating themselves into the society of their new homeland.
Read more about this topic: German Immigration To Puerto Rico
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“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)