What does the term "Plantocracy" refer to in Caribbean history?

The term "Plantocracy" specifically refers to a social and economic structure dominated by wealthy plantation owners in the Caribbean. These individuals held significant power and influence over the region's economy, primarily due to the wealth generated from sugar plantations and other cash crops during the colonial era. Plantocracy was characterized by the ownership of large tracts of land and the exploitation of enslaved labor to maximize profits. This elite class played a crucial role in shaping the political and social systems of the Caribbean, as they often wielded considerable control over colonial governments and policies. Their wealth not only ensured their dominant position within society but also had lasting impacts on the region's economy and social stratification, contributing to the development of a hierarchical society based on race and class.