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A banana republic is a country with an economy of state capitalism, whereby the country is operated as a private commercial enterprise for the exclusive profit of the ruling class. Such exploitation is enabled by collusion between the state and favoured economic monopolies, in which the profit, derived from the private exploitation of public ...
In this shorthand, a banana republic is any corrupt government or political unrest, but the term specifically conjures images of Latin American countries such as Honduras, Cuba, and Nicaragua.
After the peak of the banana republic era, resistance eventually began to grown on the part of small-scale producers and production laborers, due to the exponential rate in growth of the wealth gap as well as the collusion between the profiting Honduran government officials and the U.S. fruit companies (United Fruit Co., Standard Fruit Co ...
The Banana Wars were a series of conflicts that consisted of military occupation, police action, and intervention by the United States in Central America and the Caribbean between the end of the Spanish–American War in 1898 and the inception of the Good Neighbor Policy in 1934. [ 1] The military interventions were primarily carried out by the ...
A directorial republic is a government system with power divided among a college of several people who jointly exercise the powers of a head of state and/or a head of government. Merchant republic: In the early Renaissance, a number of small, wealthy, trade-based city-states embraced republican ideals, notably across Italy and the Baltic.
v. t. e. The 1954 Guatemalan coup d'état ( Golpe de Estado en Guatemala de 1954) deposed the democratically elected Guatemalan President Jacobo Árbenz and marked the end of the Guatemalan Revolution. The coup installed the military dictatorship of Carlos Castillo Armas, the first in a series of U.S.-backed authoritarian rulers in Guatemala.
A puppet state, puppet régime, puppet government or dummy government [1] is a state that is de jure independent but de facto completely dependent upon an outside power and subject to its orders. [2] Puppet states have nominal sovereignty, except that a foreign power effectively exercises control through economic or military support. [3]
v. t. e. The participation of the United States in regime change in Latin America involved US-backed coup d'états which were aimed at replacing left-wing leaders with right-wing leaders, military juntas, or authoritarian regimes. [ 1] Intervention of an economic and military variety was prevalent during the Cold War.