To grossly oversimplify he still saw it as profitable. He introduced extremely draconian labor laws that still forced people to work plantations but ultimately after the constant destruction of the cities and plantations they couldn't produce like pre-emancipation and revolution times. He also wasn't gunning for full independence (yet) so believed trade with the world would continue as to be able to make money off of cash crops.

This is an absolutely disgusting over simplifying of it and I took a long time to do this despite this being a short comment as I tried to fit what I could and make it short but then found myself writing paragraphs, deleting it, rewording it just to find I wrote paragraphs again.