The Foraker Act of 1900 placed a limit of 500 acres (2.0 km2) as - TopicsExpress

The Foraker Act of 1900 placed a limit of 500 acres (2.0 km2) as the amount of land that any one person was allowed to own. This part of the Act was not enforced. Puerto Ricos agricultural economy was transformed into a sugar monoculture economy. American sugar companies had an advantage over the local sugar plantation owners. The local plantation owner could finance his operations only at local banks which offered high interest rates, compared to the low rates that the American companies received from the commercial banks in Wall Street. This factor, plus the tariffs imposed, forced many of the local sugar plantation owners to go bankrupt or to sell their holdings to the more powerful sugar companies. Sugar was considered one of the few strategic commodities in which the United States was not fully self-sufficient. en.wikipedia.org/wiki/History_of_Puerto_Rico

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