Encomienda

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• Encomienda
• Encomienderos

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1899 -- United Fruit Companyla fruterathe
Birth of the Banana RepublicNew England / Boston
area (back 15 years)legacy of investment,
penetration control in Central America
owned controlled all transportation
systems(railways, docking, shipping, roads)
owned controlled all communication
technology(media, radio) owned controlled
all banking, loans, investment(access to
market) owned all the land (in the event of
banana blights 85 of the land was unused)the
entire economic infastructure was controlled by
an outside agent1930s -- 75 of regions
exports were connected to UFCObefore WW I,
Central America traded regularly with
Europeafter WW I, 60 - 90 of exports purchased
by United States
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Guatemala1950 - Colonel Jacobo Arbenz
Guzmán1. strengthen its private sector2.
foreign capital, to adhere to local conditions3.
agrarian reform built public ports, public
highwayspushed for an income tax June 1952
expropriate uncultivated land in plantations(25
years, 3 interest rate)18 month period -- 1.5
million acres to 100,000 families(Arbenz himself
forfeited 1,700 acres)627,572 vs.
15,854,849