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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]
The US government supported the 1971 coup led by General Hugo Banzer that toppled President Juan José Torres of Bolivia. [9] Torres had displeased Washington by convening an "Asamblea del Pueblo" (Assembly of the Town), in which representatives of specific proletarian sectors of society were represented (miners, unionized teachers, students, peasants), and more generally by leading the ...
The term "banana wars" was popularized in 1983 [2] by writer Lester D. Langley. Langley wrote several books on Latin American history and American intervention, including:The United States and the Caribbean, 1900–1970 and The Banana Wars: An Inner History of American Empire, 1900–1934. His work regarding the Banana Wars encompasses the ...
The Zieglers founded Banana Republic in Mill Valley, California, in 1978. The brand's safari-style clothing was styled by Patricia Ziegler. Mel wrote the catalog. Upon hearing the business's name, a friend told the Zieglers, "Bad choice. You'll be picketed by people from small hot countries." [2]
Including both company-owned and franchised stores, as of June 2018, there were Gap, Banana Republic, Athleta, Intermix, or Old Navy stores in 43 countries. [64] In January 2008, Gap signed a deal with Marinopoulos Group to open Gap and Banana Republic stores in Greece, Romania, Bulgaria, Cyprus, and Croatia. [65]
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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]