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Enforcing Business Contracts in South America: The United Fruit Company and Colombian Banana Planters in the Twentieth Century

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  • Bucheli, Marcelo

Abstract

In the first half of the twentieth century, the United Fruit Company, based in Boston, Massachusetts, created an impressive network that produced bananas in Colombia for distribution to the U.S. market. The company grew its own fruit but relied as well on local entrepreneurs. United Fruit imposed draconian contracts on the growers, forcing them to trade on terms that were very favorable to the company. These practices set the standards for other exporters operating in the country, even those based in Colombia.

Suggested Citation

  • Bucheli, Marcelo, 2004. "Enforcing Business Contracts in South America: The United Fruit Company and Colombian Banana Planters in the Twentieth Century," Business History Review, Cambridge University Press, vol. 78(2), pages 181-212, July.
    • Handle: RePEc:cup:buhirw:v:78:y:2004:i:02:p:181-212_07
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    Cited by:

    1. Alexander Urrego-Mesa & Juan Infante-Amate & Enric Tello, 2018. "Pastures and Cash Crops: Biomass Flows in the Socio-Metabolic Transition of Twentieth-Century Colombian Agriculture," Sustainability, MDPI, vol. 11(1), pages 1-28, December.
    2. Zaman, Khalid, 2023. "Navigating the Perils of a Banana Republic: Lessons from Pakistan's Economic Crisis," MPRA Paper 116713, University Library of Munich, Germany, revised 08 Mar 2023.
    3. Bedoya Arias, M.E., 2013. "One hundred years of solitude, accumulation and violence: A comparative historical analysis of the Sierra Nevada of Santa Marta Valley," ISS Working Papers - General Series 553, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.
    4. Bucheli, Marcelo & Mahoney, Joseph T. & Vaaler, Paul M., 2007. "Chandler's Living History: The Visible Hand of Vertical Integration in 19th Century America Viewed under a 21st Century Transaction Costs Economics Lens," Working Papers 07-0111, University of Illinois at Urbana-Champaign, College of Business.
    5. Marcelo Bucheli & Joseph T. Mahoney & Paul M. Vaaler, 2010. "Chandler's Living History: "The Visible Hand" of Vertical Integration in Nineteenth Century America Viewed Under a Twenty-First Century Transaction Costs Economics Lens," Journal of Management Studies, Wiley Blackwell, vol. 47(s1), pages 859-883, July.

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