In the early 20th century, the United Fruit Company , a multinational American corporation, was instrumental to the creation of the banana republic phenomenon.
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Opinion Russ Dean When women become pastors: Opinion Bill Wilson Not instruction, but provocation: Asking good questions is a crucial index of faith Opinion Molly T. New report whitewashes conservative Christian problem Curated Rewire. News Francis Effect fades: Rogers had a dangerous side Curated Christianity Today International Blasphemy Day marked as persecution of critics of religion continues worldwide Curated Newsweek. Such exploitation is enabled by collusion between the state and favored economic monopolies , in which the profit, derived from the private exploitation of public lands, is private property, while the debts incurred thereby are the financial responsibility of the public treasury.
Such an imbalanced economy remains limited by the uneven economic development of town and country, and usually reduces the national currency into devalued banknotes paper money , rendering the country ineligible for international development credit.
In the 19th century, the American writer O. Henry William Sydney Porter, — coined the term banana republic to describe the fictional Republic of Anchuria in the book Cabbages and Kings ,  a collection of thematically related short stories inspired by his experiences in Honduras , where he lived for six months until January , hiding in a hotel in Trujillo, Colón , when he was wanted in the U.
In the early 20th century, the United Fruit Company , a multinational American corporation, was instrumental to the creation of the banana republic phenomenon. The history of the banana republic began with the introduction of the banana fruit to the U. Keith , established banana plantations along the railroads they built in Costa Rica; recognizing the profitability of exporting bananas, they began exporting the fruit to the Southeastern U.
In the mids, to manage the new industrial-agriculture business enterprise in the countries of Central America , Keith founded the Tropical Trading and Transport Company: By the s, the international political and economic tensions created by the United Fruit Company enabled the corporation to control 80—90 per cent of the banana business in the U.
By the late 19th century, three American multinational corporations the United Fruit Company , the Standard Fruit Company , and the Cuyamel Fruit Company dominated the cultivation, harvesting, and exportation of bananas, and controlled the road, rail, and port infrastructure of Honduras. Among the Honduran people, the United Fruit Company was known as El pulpo The Octopus , because its influence pervaded Honduran society, controlled their country's transport infrastructure, and sometimes manipulated Honduran national politics with anti-labor violence.
The fruit-exporting corporations kept U. By the s the United Fruit Company owned 3. Such holdings gave it great power over the governments of small countries.
That was one of the factors confirming the suitability of the phrase Banana Republics. In the early 20th century, the American businessman Sam Zemurray founder of the Cuyamel Fruit Company was instrumental to establishing the "banana republic" stereotype, when he entered the banana-export business by buying overripe bananas from the United Fruit Company to sell in New Orleans.
In , Zemurray bought 6, hectares 15, acres in the Caribbean coast of Honduras for exploitation by the Cuyamel Fruit Company. In , Zemurray conspired with Manuel Bonilla , an ex-president of Honduras —07 , and the American mercenary Gen. Lee Christmas , to overthrow the civil government of Honduras and install a military government friendly to foreign businessmen. To that end, the mercenary army of the Cuyamel Fruit Company, led by Gen. Christmas, effected a coup d'état against President Miguel R.
The political instability consequent to the coup d'état stalled the Honduran economy, and the unpayable external debt ca. That financial deficit perpetuated Honduran economic stagnation and perpetuated the image of Honduras as a banana republic. In the event, the U. Lee Christmas became commander of the Honduran army, and later was appointed U.
Consul to the Republic of Honduras. Guatemala suffered the regional socio-economic legacy of the banana republic: The inequitable land distribution was an important cause of national poverty, and the concomitant sociopolitical discontent and insurrection.
Almost 90 percent of the country's farms are too small to yield adequate subsistence harvests to the farmers, while two percent of the country's farms occupy 65 percent of the arable land, the property of the local oligarchy. During the s, the United Fruit Company sought to convince the governments of U. In the Cold War —91 context of the pro-active anti-communist politics exemplified by U.
Senator Joseph McCarthy in the years —57, geo-political concerns about the security of the Western Hemisphere facilitated President Eisenhower's ordering and authorizing Operation Success, the Guatemalan coup d'état by means of which the U. A mixed history of elected presidents and puppet-master military juntas were the governments of Guatemala in the course of the year Guatemalan Civil War — However, in , at the year mark, the Guatemalan people promulgated a new political constitution , and elected Vinicio Cerezo —91 president; then Jorge Serrano Elías — Reserved for itself the most succulent, The central coast of my own land, The delicate waist of the Americas.
It rechristened its territories As the "Banana Republics", And over the sleeping dead, Over the restless heroes Who brought about the greatness, The liberty and the flags,. Domestically, the corrupt national government of Macondo abets the business policies and labor practices of the foreign corporations, which brutally oppress the workers.
The protagonist, José Arcadio Segundo, has been organizing the workers of the banana plantations to jointly affect a work strike to protest the inhumane working conditions.
Martial law is imposed upon Macondo, and the workers respond by sabotaging the banana plantations. In unexpected response, the national government diplomatically invites more than 3, workers to meet with provincial leaders to resolve their labor-and-management differences. The meeting is a deceit; the army surrounds the workers and methodically kill them with machine guns.
Shop Banana Republic for versatile, contemporary classics, designed for today with style that endures. Through thoughtful design, we create clothing and accessories with detailed craftsmanship in luxurious materials. Free shipping on all orders of $50+. Any nation in “our” hemisphere attempting to claim their sovereignty to the detriment of U.S. business interests could expect the U.S. to invade and set up a new government. Hence the term “banana republic” — coined in to describe servile dictatorships. Shop timeless, beautifully tailored women's clothing including dresses, suits, sweaters, pants and more exclusively at Banana Republic.