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The political instability consequent to the coup d'état stalled the Honduran economy, and the unpayable external debt (c. US$4 billion) of Honduras was excluded from access to international investment capital. That financial deficit perpetuated Honduran economic stagnation and perpetuated the image of Honduras as a banana republic. [16]
According to a book review by John Stauber and Sheldon Rampton of Larry Tye's biography of Bernays, The Father of Spin: Edward L. Bernays & The Birth of PR, "the term 'banana republic' actually originated in reference to United Fruit's domination of corrupt governments in Guatemala and other Central American countries." [5]
In American literature, the term banana republic originally denoted the fictional Republic of Anchuria, a servile dictatorship that abetted, or supported for kickbacks, the exploitation of large-scale plantation agriculture, especially banana cultivation. [33] In U.S. politics, the term banana republic is a pejorative political descriptor ...
Cabbages and Kings is a 1904 novel made up of interlinked short stories, written by O. Henry and set in a fictitious Central American country called the Republic of Anchuria. [1] It takes its title from the poem " The Walrus and the Carpenter ", featured in Lewis Carroll 's Through the Looking Glass .
Guatemala was among the Central American countries of the period known as a banana republic. [ 9 ] [ 10 ] From 1890 to 1920, control of Guatemala's resources and its economy shifted away from Britain and Germany to the U.S., which became Guatemala's dominant trade partner. [ 8 ]
Anarcho-capitalism – Political philosophy and economic theory; Anti-corporate activism; Banana republic – Political-science term for a politically unstable country; Business Plot – 1933 plan to overthrow the U.S. government; Chaebol – South Korean family-run business conglomerate
Banana Republicans: How the Right Wing Is Turning America Into a One-Party State is a book by Sheldon Rampton and John Stauber of the Center for Media and Democracy. [1] It was published in 2004.
Samuel Zemurray (born Schmuel Zmurri; January 18, 1877 – November 30, 1961), nicknamed "Sam the Banana Man", was an American businessman who made his fortune in the banana trade. He founded the Cuyamel Fruit Company and later became president of the United Fruit Company , the world's most influential fruit company at the time.