Search results
Results from the WOW.Com Content Network
In Hawaii, the government became concerned that the subsequent United States Tariff Act of March 3, 1883, which lowered sugar tariffs imposed on product imported from all nations, had left them at a disadvantage. Article IV of the reciprocity treaty prevented Hawaii from making reciprocity treaties with other nations.
The industry was tightly controlled by descendants of missionary families and other businessmen, concentrated in corporations known in Hawaiʻi as "The Big Five". [2] These included Castle & Cooke, Alexander & Baldwin, C. Brewer & Co., H. Hackfeld & Co. (later named American Factors (now Amfac)) and Theo H. Davies & Co., [11] which together eventually gained control over other aspects of the ...
U.S. tariffs on sugar meant a heavy drop in Hawaiian exports. The 20% to 42% tariffs between 1850 and 1870 meant the profit margin for sugar was greatly decreased for sugarcane plantations. However, the 1876 reciprocity treaty between the United States and Hawaii led to free-duty trade between the two. [2]
The result was the multiculturalism of Hawaii and a wedge for Americans and Europeans to use in order to exert economic and political influence over Hawaii. Late 19th Century: S ugar success sets ...
Many of these foreigners bought Hawaiian land and invested in the lucrative Hawaiian sugar industry. In 1887, these men forced the then reigning king, Kalākaua , to sign the so-called Bayonet Constitution , which stripped him of much of his power, in turn creating a constitutional monarchy.
During the 1850s, the U.S. import tariff on sugar from Hawaii was much higher than the tariffs Hawaiians were charging the U.S. Kamehameha III sought reciprocity. [138] The monarch wished to lower U.S. tariffs and make Hawaiian sugar competitive with other foreign suppliers.
The Hawaiian sugar strike of 1946 was one of the most expensive strikes in history. This strike involved almost all of the plantations in Hawaii, creating a cost of over $15 million in crop and production. This strike would become one of the leading causes for social change throughout the territory.
President-elect Donald Trump has promised steep across-the-board tariffs on imports to the United States, with a particularly significant tax on goods coming from China. One US company, just two ...