Word: bananas
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Dates: during 1950-1959
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Testifying last week at a hearing of the House Committee on Small Business, which (like Barnes) is chiefly interested in the plight of U.S. banana jobbers who depend on United Fruit for their supplies, the trustbuster reported that the company...
...Owns or controls 85% of the land in the American tropics suitable for banana growing (except in Ecuador where government encouragement keeps banana-growing mostly in the hands of local producers...
...North American tourists are discovering Jamaica and echoing Columbus. The lush British colony, only three hours by air from Miami, is the Temperate Zone dweller's vision of Eden: white sand beaches and an emerald surf, blue mountains and waterfalls in the distance, a green landscape of palms, banana and sugar cane, splashed with gaudy contrasts of scarlet poinciana blooms, yellow and coral bougainvillaea vines and fragrant orchards of mangoes, limes and tangerines...
Fewer Imports. The once profitable banana business, almost wiped out by disease during the early '40s, was rescued by development of a disease-resistant variety, and exports have doubled in the past eight years. During and after the war, Jamaica expanded its sugar planting and built up a $21 million-a-year British market (and a current surplus that may soon force a compulsory cutback). Rice, a staple food that had always been imported, was grown locally under government direction, and production was boosted to the point where Jamaica is now nearly self-sufficient. In trying to encourage manufacturing...
Ships & Sweat. Davis launches new businesses as easily as turning out an aluminum pan. Once he bought a 1,000-ton war-surplus Canadian minesweeper for a yacht, then decided to turn it into a banana boat. Result: Davis' Three Bay Lines now has seven ships transporting 1,000,000 tons of produce monthly between Caribbean ports. Everywhere around Miami, Davis draglines, Davis bulldozers, Davis dredges are filling in swampy land, cutting yacht canals to prepare the way for $35,000 to $100,000 homes...