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This was not limited to Puerto Rico. By 1930 the United Fruit Company owned over one million acres of land in Guatemala, Honduras, Colombia, Panama, Nicaragua, Costa Rica, Mexico and Cuba. By 1940, in Honduras alone, the United Fruit Company owned 50 percent of all private land in the entire country. In Guatemala, the United Fruit Company owned 75 percent of all private land by 1942 – plus most of Guatemala's roads, power stations and phone lines, the only Pacific seaport, and every mile of railroad.