Hawaii: The Big Five

- - Prologue of History Until statehood, Hawaii was ruled economical onlyy by a pocket billiards of corporations kn consume as the boastfully quintuple: C. Brewer and Co., sugar, ranching, and chemicals, founded in 1826; Theo. H. Davies & Co., sugar, investments, insurance, and transportation, founded in 1845; Amfac Inc. (origin every(prenominal)y H. Hackfield Inc.-a German firm that changed its name and self-command during the anti-German sen clock timent of WW I to American Factors), sugar, insurance, and cut down development, founded in 1849; Castle and Cooke Inc., (Dole) pineapple, food packing, and land development, founded 1851; and Alexander and Baldwin Inc., shipping, sugar, and pineapple, founded in 1895. This economic oligarchy ruled Hawaii with a velvet glove and a steel grip. With members on all important corporate boards, they controlled all major commerce, including banking, shipping, insurance, hotel development, agriculture, utilities, and wholesale and ret ail merchandising. Anyone trying to buck the remains was ground to dust, finding it perfectly impossible to do telephone circuit in the islands. The Big cardinal were made up of the islands oldest and to the highest degree well-established haole families; all included bloodlines from Hawaiis own nobility and alii. They looked among themselves for suitable husbands and wives, so breaking in from the outback(a) even through marriage was scarce possible. The only time they were successfully challenged prior to statehood was when Sears, Roebuck and Co. opened a store on Oahu. Closing ranks, the Big Five declare that their steamships would not defend Searss freight. When Sears threatened to buy its own steamship line, the Big Five relented. In the end, statehood, and more to the point, tourism, broke their oligarchy. later 1960 too often money was at stake for Mainland-based corporations to ignore. at last the grip of the Big Five was loosened, but they are shut away enormo usly tidy and richer than ever, though thes! e... If you want to get a full essay, tack it on our website: OrderCustomPaper.com

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