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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]
They are the founders of Banana Republic, a clothing and accessory retailer. [1] Alongside William Rosenzweig, they co-founded The Republic of Tea. They eventually sold both companies. [2] [3] The Zieglers subsequently founded another apparel company, Zoza, [2] [3] [4] but this was shut down in the dot com crash of 2000. [5]
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. [14] The writer O. Henry coined the term "banana republic" in 1904 to describe Honduras. [15]
As a result, the U.S. Government intervened more directly in Nicaraguan affairs in two separate but related incidents in 1911 and 1912, with the objective of ensuring the rule of a government friendly to U.S. political and commercial interests and preserving political stability in Central America.
In U.S. politics, the term banana republic is a pejorative political descriptor coined by the American writer O. Henry in Cabbages and Kings (1904), a book of thematically related short stories derived from his 1896–1897 residence in Honduras, where he was hiding from U.S. law for bank embezzlement.
The sources cited under 'United States' don't actually suggest the US is a banana republic. Citation 24 literally argues why the US is not a banana republic. Citation 25 is using the term 'banana republic' as an insult or perjorative rather than trying to convey that the US falls under the political science definition of 'banana republic. It's ...
Fisher began his career at The Gap after earning his MBA, [4] starting first as the store director for the Banana Republic and then the general manager for Gap in Canada. [4] Fisher served as the president of the Gap's international division and is credited with expanding the company into Canada, France, Germany, the United Kingdom, and Japan. [4]
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