Prologue Of History
Prologue of History
Until statehood, Hawaii was ruled economically by a consortium of corporations
known as the "Big Five": 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. (originally H. Hackfield Inc.-a
German firm that changed its name and ownership during the anti-German sentiment
of WW I to American Factors), sugar, insurance, and land 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 retail merchandising.
Anyone trying to buck the system was ground to......
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Approximate Word Count: 2448
Approximate Pages: 10 (250 words per double-spaced page)
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