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Hawaii: Prologue Of History
Beginning of paper
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 owner ....
Middle of paper
....eir steamships would not carry
Sears's 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. After 1960 too much money was at stake for Mainland-based
corporations to ignore. Eventually the grip of the Big Five was loosened, but
they are sti.... |
| Word count: 2624 |
Page count: 10 |
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