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Cover of Cabbages and Kings (1904 edition). In the 20th century, American writer O. Henry (William Sydney Porter, 1862–1910) coined the term banana republic to describe the fictional Republic of Anchuria in the book Cabbages and Kings (1904), [1] a collection of thematically related short stories inspired by his experiences in Honduras, whose economy was heavily dependent on the export of ...
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]
By October 1962, U.S. Assistant Secretary of State Edwin M. Martin announced that Honduras had agreed to protect the banana companies interests—but United Fruit was unconvinced, insisting that with its new agrarian reform law, Honduras was travelling "on the path of Cuba and Communist China." [14]
After the peak of the banana republic era, resistance eventually began to grown on the part of small-scale producers and production laborers, due to the exponential rate in growth of the wealth gap as well as the collusion between the profiting Honduran government officials and the U.S. fruit companies (United Fruit Co., Standard Fruit Co ...
The economic dominance and political influence of these companies was so great from the late 19th until the mid 20th century that Honduras became the original model for the banana republic. [8] Banana production in northern Honduras began in the 1880s and was largely in the hands of local people.
Cuyamel Fruit Company was founded in the 1890s by William Streich, a speculator who bought land near the Cuyamel River in Honduras.The company soon ran out of money and was purchased around 1905 by the Russian born Samuel Zemurray, who used it as part of the beginning of his growing banana trade operation.
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"Banana republic" [ edit ] In one of the chapters, "The Admiral", inspired by the author's experiences in Honduras, where he had lived for six months, [ 4 ] he refers to Anchuria as a "small maritime banana republic"; naturally, the fruit was the entire basis of its economy.