My uncle's employer saw his business closed and confiscated. He was never compensated by the Cuban government.
"What’s often forgotten, though, is that the embargo was actually triggered by something concrete: an enormous pile of American assets that Castro seized in the process of nationalizing the Cuban economy.Some of these assets were the vacation homes and bank accounts of wealthy individuals.But the bulk of the confiscated property -- originally valued at $1.8 billion, which at 6 percent simple interest translates to nearly $7 billion today -- was sugar factories, mines, oil refineries and other business operations belonging to American corporations, among them the Coca-Cola Co., Exxon and the First National Bank of Boston.A 2009 article in the Inter-American Law Review described Castro’s nationalization of U.S. assets as the “largest uncompensated taking of American property by a foreign government in history.”"
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