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Banana republic facts for kids

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William Sydney Porter by doubleday
The phrase banana republic was coined (ca. 1904) by the American writer O. Henry (William Sydney Porter, 1862–1910).

A banana republic is a politically unstable country whose economy depends on the export of one product in limited supply, such as bananas or minerals. A banana republic has social classes that are divided by wealth. These include a large, poor working class and a small ruling class made up of the businessmen, politicians, and the military. The ruling class controls and exploits the country's economy.

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Banana republic Facts for Kids. Kiddle Encyclopedia.