ipl-logo

Hawaii Economy Essay

496 Words2 Pages

This week’s lecture focused on the expansion and contraction of Hawaii’s economy. Japan’s booming economy helped drive Hawaii’s economy up in the 1980s. With the rise of Japan’s economy, many Japanese citizens had more money to spend and were tying to find a way to spend their money. Many Japanese citizens turned to Hawaii, which lead to an increase of Japanese visitors to Hawaii in 1982. With the increase of Japanese visitors, Hawaii’s economy started to rise. New jobs were created because of the increase of Japanese visitors. Many Japanese visitors spent more than other visitors. According to Grandy, “in 1988, the average Japanese visitor spent $350 per day while the U.S. mainland visitor spend only $121 per day” (Grandy, 2002). Grandy went on to explain that because of the rise of the yen against the U.S. dollar, not only did Japanese spend more than any other visitors, they also invested in Hawaii. Japanese investors invested in the Halekulani Hotel on Oahu and the Westin hotels on Maui and Kauai. They …show more content…

According to Mak, “the median prince of a single-family home on Oahu rose from $185,000 to $352,000” which was an increase of 90% in just three years (Mak, 2004). The prices of homes and the property tax increased. As a result, many local residents had a negative view of foreign investment especially Japanese investors. According to a 1988, a statewide survey exposed that 59% of Hawaii residents opposed foreign investment in Hawaii and only 33% favored foreign investment (Mak, 2004). In 1989, a survey exposed that “60% of a different group were against additional Japanese investments” in Hawaii (Mak, 2004). Even though many residents had a negative view on Japanese investments, Japanese investors only had a short-term and minor affect long-term on Hawaii housing problems (Mak,

Show More
Related

The Pros And Cons Of Non-Resident Spe Simulation In Ontario

1389 Words | 6 Pages

They use the properties as a safe place to store their money until they are ready to sell the property. The main concern with these investment properties is that many of these foreign investors did not rent or live in these properties so they were vacant. There are many positives to Ontario’s Non-Resident Speculation Tax, such as discouraging foreign investors to purchase properties and leave them vacant, increasing the availability of housing for Canadian residents, and introducing money back into the economy of the Greater Golden Horseshoe Area. In addition to these positives, there has been a decrease in foreign buying in these competitive markets of Ontario. According to Ontario’s Minister of Finance, Charles Sousa, “the government is concerned that non-resident investors—who are not planning on living in the province—have been purchasing Ontario homes primarily for speculation purposes.”

Read More

1980 Japan Re Boom Case Study

1350 Words | 6 Pages

Case Study: 1980 Japan RE Boom The governments main purpose weathere local of federal is to put their influence on land use for the “highest and Best use”. There are a few possible ways it can do this, some are: deregulation, regulation, or higher and lower taxes. This essay will discuss the issues that caused the Japanese market boom. I will summarize an answer the case, analyze the situation, the incentives that were gained from the roles of credit, and the government influenc it had in the market.

Read More

How Did Queen Lilliuokalani Influence The Government In Hawaii

1863 Words | 8 Pages

Prior to the increasing numbers of settlers in Hawaii, their affluent economy had been primarily based on fishing, agriculture, and art. Each person was responsible for creating or trading what they needed. However, once the Westerners arrived they had changed the economy to look more like theirs: people created things for trade. Asides from military purposes, one of the primary reasons for Hawaii’s occupation was to expand trade. The Big Five companies were sugar plantations which controlled most of Hawaii’s economy.

Read More

Tex Swain's Ay Haole At The Beach

1559 Words | 7 Pages

Yet, tourism soon became the top industry in Hawaii, and loads of caucasians were moving to Hawaii from the mainland. Over time, although violence has declined, resentment still lies deep within. Natives are seen harassing “haoles” at the beach or harmlessly intimidating some, but on a rare occasion they go rogue and do violent actions. These instances are fast disappearing, but there are still areas in Oahu where “haoles” are encouraged to not venture into, like Waimea Bay where locals are often unpleasant to travellers. Still, millions each year visit the picturesque island of Oahu, with increasing numbers

Read More

Imperialism In Hawaii Dbq Essay

843 Words | 4 Pages

He feels that the US must intervene and seize control of the government in order to provide the Hawaiian people with a secure setting in which they can be successful. Document 6 is an excerpt from a journal article advocating for the annexation of Hawaii. The document explains many reasons for the annexation including the idea of Cultural superiority. The text states, “It is the duty of the United States to extend its free institutions to other quarters of the globe wherever possible (doc 6). The United States believed since they were superior to everyone else, they had a duty to help other countries be like them.

Read More

Hawaii Imperialism Benefits

667 Words | 3 Pages

This is because of the massive culture, and thriving economy. Even though the imperialism of Hawaii could be viewed as aggressive behavior, it was necessary to stop other countries from acquiring Hawaii. But Hawaii also supplied the United States with a lot of natural resources and a suitable naval base that was crucial for us to win World War II. So without the imperialization of Hawaii, the Axis’ powers could have won WW2 and doomed us all. But since we imperialized the increasing demand for sugar resulted in the importation of thousands of immigrant laborers from all over the world to work the industry.

Read More

Mahele's Impact On Hawaii

921 Words | 4 Pages

Before the Mahele and the years of other land ownership rules, the Native Hawaiians had a fairly strong relationship with their government, as they shared the same morals and rules, worked together with logic to come up with solutions, and helped the community. After the Mahele, since foreigners started to dominate the economic scene and most of the big businesses in Hawaii, the government slowly started to lose power and control over Hawaii. This was seen when many ali’i had to sell large portions of their lands because their workers, the maka’ainana, were moving away to get better-paying jobs (Lâm 233-288). The ali’i had no choice but to sell their land because they couldn’t pay the land taxes, and the foreigners could then buy the land for themselves since they had the experience and the money. The konohiki became unfair at sharing resources sometimes, making everyday life a struggle for the maka’ainana (Hio et al.).

Read More

How The Great Mahele Affect The Lifestyle Of The Hawaiians

945 Words | 4 Pages

Foreigners did not take long to transition Hawaiians from their previous lifestyles with new ideas. However, not everyone was fond of the new way of life, but the beliefs of Hawaiians had no significance to foreigners. According to an article by Kuloku, it expressed that, “He paid no attention to our wishes.” Previously, each opinion was considered carefully until a consensus was formed. Hawaiians were ruined of their quality and feature as a consequence of the deception, apathy, and stubbornness of foreigners.

Read More

What Were The Benefits Of The Mahele Of 1848

488 Words | 2 Pages

As the foreigners developed massive businesses and corporations, they started to hire Hawaiian employees to maintain the massive demand for workers for their businesses (Potter, Kasdon, and Rayson 95). This wasn’t hard since the Hawaiians needed money because they lost their land. However, as the Hawaiians began to rely on foreign businesses for their money, the power that the foreigners had soon were elevated to another level . Richard Borreca said Hawaiians became fully dependant upon foreign forces to stay alive, and the foreigners recognized that. This is a political impact because it caused the foreigners to have control over things that only the ali’i should be able to control, such as distribution of power over the lands and cash flowing into Hawaii (Menton and Tamura 35).

Read More

Why Was The Annexation Of Hawaii In The Late 1800s

804 Words | 4 Pages

So now not only had the Americans made themselves at home in Hawaii by moving in to the islands and planting their own crops but they also killed off thirteen percent of the population, turned what started as a few acres of sugarcane plantations into almost one fourth of the land being dedicated to sugar, and they brought in foreign

Read More

European Imperialism Dbq Essay

657 Words | 3 Pages

All the work is done by the natives, but the foreigners take all the wealth of the colonies. Japan was isolated nation. When Japan was isolated nation, they didn’t have advance technologies and had limited resources because of their geographic feature. After 1853, they had contact with the western and they become modernized nations by adopting

Read More

Persuasive Essay On Hawaii Annexation

482 Words | 2 Pages

According to centralsurvivor.org., “Hawaiian protests immediately followed the annexation of the islands and U.S. actions were denounced as an "act of war." Ultimately, by establishing a government without the consent of the governed and by denying the indigenous peoples a political voice or vote, the cry went out that the annexation of the Hawaiian islands was the ultimate subversion of democracy..” This shows that Native Hawaiians do not want to be annexed, and instead still want their rights as Native Hawaiian people, which were taken away from them from the U.S. 's “act of war”. We don’t know if the Hawaiians will want to work with us because they might decide to revolt and force us to spend more precious resources just to guarantee that Hawaii is still annexed. Not only do the Hawaiians not support the annexation of Hawaii, they also don’t benefit from it.

Read More

Annexation Of Hawaii Essay

1292 Words | 6 Pages

The United State’s annexation of Hawaii in 1898 led to the gradual destruction of the Hawaiian culture and the almost-extinction of native-born Hawaiians. The majority of the Hawaiian natives opposed the annexation of Hawaii and wanted to maintain their sovereignty. Although the Japanese could have taken over the Hawaiian islands if the United States had not, the annexation of Hawaii by the U.S. was unjustified because of the treatment of the monarchy and natives, the infringement of the natives’ self-established culture and government, and the natives’ overwhelming opposition to the U.S’s involvement in Hawaii. From 1795 to 1874, the Kamehameha Dynasty ruled over the kingdom of the Hawaiian islands. Up until the death of Kamehameha III, the U.S. had stayed out of interfering with the islands.

Read More

When I Grew Up In Jail Analysis

555 Words | 3 Pages

The story opens up with the writers first encounter of someone fearing him in public. And although it is purely off of race, his vivid description of himself portrays why she sadly felt that way, as stated “To her, the youngish black man – a broad six feet wo inches with a beard and billowing hair, both hands shoved into the pockets of a bulky military jacket – seemed menacingly close.” (Staples 188). He then goes on to describe his manner which is nothing like the stereotypical young black male, “As a softy who is scarcely able to take a knife to a raw chicken – let alone hone to a person’s throat…” (Staples 189).

Read More

Persuasive Letter To Stay In Hawaii

679 Words | 3 Pages

Other than that I'm just another Haole taking up space in Hawaii. To some it all up, the face of Hawaiians and Hawaii has been changing for decades and housing has it ups and downs due to population growth and at times foreign investment. There is nothing you can to do to keep the rift raft out of Hawaii. Focus on your career and finances, enjoy what Hawaii has to offer you as

Read More

More about Hawaii Economy Essay

Related Topics

Open Document