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Trinidad and Tobago Islands Petroleum Oil Refinary stamp 1964 MNH

Trinidad and Tobago Islands Petroleum Oil Refinary stamp 1964 MNH

$ 2.1

Availability: 47 in stock
  • Restocking Fee: No
  • Return shipping will be paid by: Buyer
  • Refund will be given as: Money Back
  • Item must be returned within: 14 Days
  • All returns accepted: Returns Accepted

    Description

    Very good rare stamp.
    Trinidad Island Petroleum had been discovered in 1857, but became economically significant only in the 1930s and afterwards, as a result of the collapse of sugarcane and cocoa, and increasing industrialization. By the 1950s, petroleum had become a staple in Trinidad's export market, and was responsible for a growing middle class among all sections of the Trinidad population. The collapse of Trinidad's major agricultural commodities, followed by the Depression, and the rise of the oil economy, led to major changes in the country's social structure. Petroleum, petrochemicals and natural gas continue to be the backbone of the economy.