Banana production in Panama that United Brands would expand its production in Panama because bananas could be produced more cheaply in Costa Rica and Ecuador. The history of banana production in Panama virtually coincides with that of United Brands, which has been in Panama since 1899. The company built railroads, port facilities, and storage areas for the processing and export of bananas. In the 1930s, a disease seriously curtailed banana production. In the 1950s disease resistant plants were developed, and production increased rapidly. In the early 1970s, a "banana war" erupted when banana-producing countries disagreed among themselves and with United Brands about an export
Panama scandals Panama scandals The Panama scandals (also known as the Panama Canal Scandal or Panama Affair) was a corruption affair that broke out in the French Third Republic in 1892, linked to the building of the Panama Canal. Close to half a billion francs were lost when the French government took bribes to keep quiet about the Panama Canal Company's financial troubles in what is regarded as the largest monetary corruption scandal of the 19th century. On 4 February 1889, the "Tribunal Civil de la Seine" ordered the winding up of the Panama Canal Company in Paris. Work on the isthmus