CLEP US History II

Category - Imperialism

In the late 19th century, American multinational corporations exploited impoverished, politically unstable Latin American nations by acquiring what types of goods in those countries?
  1. Precious minerals and gems
  2. Fruit
  3. Manufactured goods
  4. Coffee and cocoa beans
  5. Textiles
Explanation
Answer: B - American-based multinational corporations importing fruit to the United States in the late 19th century began exploiting Latin American countries like Honduras and Jamaica because their poverty and instability allowed the corporations to effectively dictate the entire operation of those nations. The imbalanced relationships led to the moniker “banana republic” for the monopolized nations. Jamaica was the earliest banana republic, but Honduras and Guatemala became the most notorious examples of these practices.
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