United Fruit Company

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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 ?
United Fruit Co. for period December 27, 1924 to December 5, 1925, Panama Div.
Se construyo un puerto en el Oceano Atlantico que seria el unico de propiedad nacional (otro, existente tambien del lado del Atlantico, y uno sobre el Pacifico, eran propiedad de la United Fruit Co.) Y para terminar de empeorar las cosas, se construyo una carretera, la Carretera del Atlantico, que abarataria el costo de los fletes, ya que antes las mercancias se trasladaban a los puertos via el ferrocarril de la International Railways of Central America (IRCA), subsidiaria de la United Fruit Co., a precios que resultaban mas altos, de la capital al puerto, que de este a Europa, con todo y que la linea de barcos tambien era norteamericana, la Gran Flota Blanca, igualmente subsidiaria de la United Fruit Co.
Uno de los blancos de sus reformas a la economia fue el poderoso monopolio ejercido por la frutera, (United Fruit Co).
In Pablo Neruda's poem "La United Fruit Co.," the opposing forces are good versus evil, or more specifically, capitalism and U.S.-backed military dictators versus the land and peoples of Latin America.
The partners, who settled on the company name order by the flip of a coin, sold out to United Fruit Co. in 1967, the same year Baskin died of a heart attack.
On another layer, it is about America Incorporated at the time: The guys who went to Yale--I went to Yale--were the sons of the guys who went to Yale who were the sons of guys who went to Yale, and they owned America." The end of the movie, he notes, re-creates a period when John Foster Dulles was secretary of state while his brother, Allen, was head of the CIA, and both of them had connections to the United Fruit Co.--the chief beneficiary of the CIA's overthrow of the elected government of Guatemala.
The Property is reached by steamers sailing from Atlantic ports of the United States to Port Limon, the Costa Rican port of entry on the Atlantic seaboard; from here by rail (United Fruit Co.'s road), 102 miles to San Jose, the capital of the republic; then by the government Pacific railway, a distance of about 30 miles to Hacienda Vieja, a station on that line; then by cartroad a distance of about three miles to the mines.
Navy and the United Fruit Co. A calendar kept by Fessenden at the time does not mention it, and there are no newspaper accounts, even though a similar exercise conducted the next spring by rival Lee De Forest created a nationwide stir.
Equally important, this book is conceptually innovative because its regionalized, gendered, and racialized subjects are located and relocated in the processes of their migrations, re-migrations, settlements and resettlements from and in many locales of what Putnam calls the Western Caribbean, While the port of Limon is the regional focus of the story and analysis, the story and analysis are consistently linked to the Anglo-Caribbean, Nicaragua, Honduras, Panama, and of course the global connections established by the United Fruit Co. over three generations of migrants between the 1870s and 1950s.
El anfitrion oficial de la conferencia era el entonces dictador de Honduras, el general Tiburcio Carias Andino (1933-1949), fiel defensor de los intereses de la United Fruit Co. desde la decada de 1920.
In the 1980s, the former United Fruit Co. marketed aggressively in Europe, where profit margins have traditionally been higher than in the United States.
Under that law, the government expropriated significant uncultivated holdings of United Fruit Co. in exchange for long-term bonds and redistributed the land to peasants.

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