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The association of Chinese laborers with involuntary contract labor during a time in which it was illegal exacerbated the public's anti-Asian sentiments. [3] However, because of the lack of documentation regarding the credit-ticket system, it is difficult to prove whether or not Chinese laborers were truly free agents.
After slavery was abolished in the United States, Chinese laborers were imported to the South as cheap labor to replace freed Blacks on the plantations.Many of the early Chinese laborers came from sugar plantations in Cuba and after the transcontinental railroad was completed, California also contributed to the labor supply.
2007 - Los Angeles Chinese American Banking Pioneers — Preston Martin, F. Chow Chan, Cathay Bank (Chinese: 國泰銀行), East West Bank (Chinese: 華美銀行), Far East National Bank (Chinese:遠東國民銀行), First Public Savings, General Bank Trust Savings, Standard Bank, Golden Security Bank (金安銀行), Eastern International, and ...
On February 19, 1862, the 37th United States Congress passed An Act to Prohibit the "Coolie Trade" by American Citizens in American Vessels. [1] The act, which would be called the Anti-Coolie Act of 1862 in short, was passed by the California State Legislature in an attempt to appease rising anger among white laborers about salary competition created by the influx of Chinese immigrants at the ...
The Chinese quickly took up work in many industries after arriving in California. The Chinese faced racial discrimination from white workers who perceived them as being more willing to work for lower wages. Chinese immigrants began to be known as "coolies". Additionally many anti-Chinese labor unions such as the Knights of Labor were created. [2]
The Chinese laborers worked out well and thousands more were recruited until the railroad's completion in 1869. Chinese labor provided the massive labor needed to build the majority of the Central Pacific's difficult railroad tracks through the Sierra Nevada mountains and across Nevada. The Chinese population rose from 2,716 in 1851 to 63,000 ...
In 1973, East West Federal Bank was founded as a federal savings and loan association, focused on serving the Chinese American community in Southern California. [12]In 1991, during the savings and loan crisis, the company acquired Pacific Coast Savings, [13] [14] [15] which increased the bank's assets from $600 million to $1 billion and expanded operations to San Francisco, California.
The party took particular aim against cheap Chinese immigrant labor and the Central Pacific Railroad which employed them. [6] [7] Their goal was to "rid the country of Chinese cheap labor." [8] Kearney's attacks against the Chinese were of a particularly virulent and openly racist nature, and found considerable support among white Californians ...