United Fruit Company


Also found in: Acronyms, Wikipedia.

United Fruit Company

 

(“the Banana Trust”), the largest fruit company of the USA; now the United Fruit Company division of the United Brands Company.

The United Fruit Company was founded in 1899 through the merger of a number of plantations and trading companies; in 1970 it acquired the AMK Corporation, a large meat-packing company, and as a result the United Brands food monopoly was formed. In the mid-1950’s, the United Fruit Company had banana plantations in Costa Rica, Guatemala, Honduras, Panama, the Dominican Republic, Ecuador, and Jamaica; in most of these countries it also owned railroad lines, streetcar lines, and radio stations, and it controlled seaports and shipping. Owning approximately 90 percent of the bananas exported from its supplier countries, it had a corner (75 percent) on the international banana market. In the early 1970’s, however, when a number of its plantations in several countries were nationalized, its share of the international banana market was reduced to 35 percent.

As a division of United Brands, the United Fruit Company remains the world’s largest supplier of bananas. As of 1974, it owned 22 percent of all land used for banana plantations, including 100 percent of such land in Panama, more than 50 percent in Honduras, and 33 percent in Costa Rica; it also had an extensive commercial network for the sale of bananas in industrially developed countries.

I. A. AGAIANTS

References in periodicals archive ?
The United States has had a Guatemalan government connection since the early 1950s when Colonel Jacobo Arbenz was elected President, and in conjunction with the United Fruit Company, the United States overthrew Arbenz due to claims of communist influence.
hegemony and vast labor migration, the UNIA also flourished in the United Fruit Company's Central American banana export enclaves, including Puerto Limon, Costa Rica, and Bocas del Toro, Panama, as well as the canal terminals of Colon and Panama City.
Segun The Journal of American History, este es un analisis escrito claramente, que toma en consideracion el contexto internacional en el cual funcionaba United Fruit Company, sus caracteristicas como empresa de negocios y su relacion con los trabajadores bananeros, los empresarios locales y el gobierno regional en dos zonas bananeras clave de Colombia.
We illustrate our point with the case of the American banana producing and marketing corporation United Fruit Company in Central America during the twentieth century.
For this first iteration of the course, I chose the Potosi silver mines, coffee in nineteenth-century Brazil, the United Fruit Company in Guatemala (bananas), and twentieth-century Chilean copper mines for our case studies.
In 1954, Washington accused the democratically elected government of Jacobo Arbenz Guzman of Guatemala of being pro-communist and a "Soviet beachhead" for, among other reasons, expropriating 400,000 acres of uncultivated land owned by the United Fruit Company, a major US.
In particular, he tracks the role the United Fruit Company played in goading the United State's expansion and the use of race (West Indians, Hispanics and African Americans) to control labor.
The Standard Fruit was joined by the Cuyamel Fruit Company and the United Fruit Company, all of which were granted generous concessions by the Honduran government.

Encyclopedia browser ?
Full browser ?