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Bananas in Guatemala

Bananas in Guatemala. By Julia, Miranda, and Sammy . Who managed and owned the banana industry?. Mainly wealthy elites of North American or European descent owned the banana export companies Creole landowners managed and profited from this industry (see plantation slide)

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Bananas in Guatemala

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  1. Bananas in Guatemala By Julia, Miranda, and Sammy

  2. Who managed and owned the banana industry? • Mainly wealthy elites of North American or European descent owned the banana export companies • Creole landowners managed and profited from this industry (see plantation slide) • Major companies include the United Fruit Company (1899), the Boston Fruit Company (1888), Dole (1851), and Chiquita (1871)

  3. Plantations • Bananas are grown on plantations in tropical areas • The working class was made up of natives and mestizos

  4. Exportation • United States • Boston • Southeast US • Bananas were popular because they were cheaper than local fruits like apples

  5. Peak Years • 1930 UFCO absorbed more than 20 rival firms • Capital of $215,000,000 • Became largest employer in Central America

  6. PRICES • Started high – at $2 per banana! • Went lower as they could be produced in bulk • Still profited since plantation workers were paid really low wages

  7. Things to Know • Creoles managed and profited from the plantations, notPeninsulares • Natives andmestizos worked on plantations, not just natives • Exported to U.S. because cheaper than local fruits • United Fruit Company dominated banana industry

  8. Bibliography • http://www.jstor.org/stable/25096865 • http://revolutions.truman.edu/guatemala/united%20fruit,%20the%20cia,%20and%20counter%20revolution.htm • http://en.wikipedia.org/wiki/United_Fruit_Company • http://www.planetware.com/i/photo/guapiles-crc124.jpg • http://en.wikipedia.org/wiki/Banana

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