As the sugar trade declined in importance, economic disaster loomed.
Britain made much greater profits from the sugar trade of its commercial colonies in the Caribbean.
It also accounts for 20% of India's international sugar trade.
Despite the decline of the sugar trade, the estates still provided the Governor with a considerable income.
The capital was moved south to the town of Charlestown, and the island's successful sugar trade quickly bounced back.
The sugar trade was important in the Belém region until the end of the 17th century.
After bankruptcy, the building was sold and converted into barrel manufacturing plant for the sugar trade.
The sugar trade gave way to wine, resulting in large scale social and economic development.
Until then, the sugar trade would normally continue on the same basis as trade in other agricultural produce.
The British seized the island and continued to develop the sugar trade.