1935 · Haitianyear only
A New Orleans firm gets every banana in Haiti, and loses them in eleven years
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In 1935 the Standard Fruit and Steamship Company of New Orleans was given exclusive rights to buy and export bananas anywhere in Haiti. Exports rose substantially through the rest of the decade and the momentum held until 1947, bringing a measure of prosperity to the Haitian countryside. In the mid 1940s the company and the Haitian government fell out. In 1946 President Dumarsais Estime ended the monopoly concession and Standard Fruit left. Banana concessions were then distributed to a number of small and unserious companies, which in a couple of years ruined the reputation of Haitian bananas on the world market. Exports were cut in half by 1948 and declined steadily until bananas disappeared from the countryside as an export product altogether. It is one instance of a pattern. Export crops in Haiti rose and fell on decisions taken by a handful of people, and the peasants growing them absorbed the result.