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Since banana exports came to dominate the overseas trade and most of the foreign exchange earnings of Central American countries, and the companies could use their financial clout as well as carefully established connections with local elites, they had great influence over politics in those areas, leading O. Henry, who lived in Honduras (which ...
The United Fruit Company (later the United Brands Company) was an American multinational corporation that traded in tropical fruit (primarily bananas) grown on Latin American plantations and sold in the United States and Europe. The company was formed in 1899 from the merger of the Boston Fruit Company with Minor C. Keith's
Banana plantations, as well as growing the fruit, may also package, process, and ship their product directly from the plantation to worldwide markets.Depending on the scope of the operation, a plantation's size may vary from a small family farm operation to a corporate facility encompassing large tracts of land, multiple physical plants, and many employees.
The banana plant is the largest herbaceous flowering plant. [2] All the above-ground parts of a banana plant grow from a structure called a corm. [3] Plants are normally tall and fairly sturdy with a treelike appearance, but what appears to be a trunk is actually a pseudostem composed of multiple leaf-stalks ().
A banana plantation in St. Lucia. The banana industry is an important part of the global industrial agrobusiness. About 15% of the global banana production goes to export and international trade for consumption in Western countries. [1] They are grown on banana plantations primarily in the Americas. [2]
A banana plantation hit by fungal disease in Riohacha, Colombia. AP Photo/Manuel Rueda The Cavendish only became the world's most widely eaten banana in the second half of the 20th century.
After the signing of the NAFTA agreements in the 1990s, however, the tide turned against peasant producers. Their costs of production were relatively high and the ending of favorable tariff and other supports, especially in the European Economic Community, made it difficult for peasant producers to compete with the bananas grown on large plantations by the well capitalized firms like Chiquita ...
Foreign capital, life in the banana plantations, and conservatives determined the politics of Honduras from the mid-20th century to 1988. Manuel Bonilla came to the presidency of Honduras through a military operation. Once in power, he became an even better friend of the banana companies than his predecessor, Terencio Sierra.