United Fruit Company

The United Fruit Company was an American corporation. It dealt with tropical fruits, especially bananas. These fruits were grown on Central and South American plantations. They were sold in the United States and Europe. The company was created in 1899 from Minor C. Keith's banana-trading concerns with Andrew W. Preston's Boston Fruit Company. It grew in the early and mid-20th century. It controlled vast territories and transportation networks in Central America, the Caribbean coast of Colombia, Ecuador, and the West Indies. It competed with the Standard Fruit Company in the international banana trade. 

It maintained a monopoly in certain regions that came to be called banana republics.Frederick Douglass Opie, Black Labor Migration in Caribbean Guatemala, 1882-1923, Florida Work in the Americas Series (University of Florida Press, July 2009)

It had a deep and long-lasting impact on the economy and politics of many Latin American countries. Critics often accused it of neocolonialism. They described it as the example of the influence of a multinational corporation on the internal politics of countries. After a period of financial decline, United Fruit merged with Eli M. Black's AMK in 1970 to become the United Brands Company. In 1984, Carl Lindner, Jr. transformed United Brands into the present-day Chiquita Brands International.

References

Category:1899 establishments in the United States
Category:1970 disestablishments in the United States
Category:American food companies
Category:Companies based in Louisiana
Category:Defunct companies of the United States