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The United Fruit Company (later the United Brands Company) was an American multinational corporation that traded in tropical fruit ... 1929 map of the town of Tela.
By 1955, United Fruit Company was processing 2.7 billion pounds (1.2 billion kilograms) of fruit a year. In 1966, the company expanded into Europe. In 1966 United Fruit acquired J. Hungerford Smith Company, owner of A&W Root Beer. [16] Eli Black came in 1968 and was made chairman, president, and CEO.
The coup d'état was a consequence of the Dávila government's having slighted the Cuyamel Fruit Company by colluding with the rival United Fruit Company to award them a monopoly contract for the Honduran banana, in exchange for the UFC's brokering of U.S. government loans to Honduras. [12] [15]
The United Fruit Company was formed on March 30, 1899, the result of a merger between the nearly bankrupt Tropical Trading and Transport Company and Boston Fruit. On its formation, United Fruit
The Northern Railroad of Guatemala was a railway system that ran from Guatemala City to Puerto Barrios, the main port of Guatemala, between 1896 and 1968.The American United Fruit Company had the monopoly of the railway system through its affiliate, International Railways of Central America (IRCA), along with the docks at Puerto Barrios, the banana plantations in Izabal and the cargo and ...
Honduras: Where the United Fruit Company and Standard Fruit Company dominated the country's key banana export sector and associated land holdings and railways, saw insertion of American troops in 1903, 1907, 1911, 1912, 1919, 1924, and 1925. [8] The writer O. Henry coined the term "banana republic" in 1904 to describe Honduras. [14]
Puerto Castilla is now a native fishing village of about six hundred residents. West of the village the site of a Honduran naval base, as well as the site of a container port for Dole fresh fruit products. Vast African Oil Palm plantations now dot the area. Puerto Castilla lies on the south side of a peninsula sheltering Trujillo Bay.
The former headquarters of the United Fruit Company, in New Orleans. The company played a key role in instigating the 1954 coup d'état. By 1950, the United Fruit Company's (now Chiquita) annual profits were 65 million U.S. dollars, [b] twice as large as the revenue of the government of Guatemala. [54]