“First since rents mark, as it were, deviations from the functioning of a perfectly competitive economy they must lead to a short fall from the standard of efficiency that such an economy sets”. Can someone break this down for me?

a phrase from a poem by ralph waldo emerson about the battle of lexington and concord. emerson's words read, “here once the embattled farmers stood / and fired the shot heard round the world.”

the ottoman empire was dwindling and two large to manage

explanation:

angel island immigration station was an immigration station located in san francisco bay which worked from 1910 to 1940. the majority of immigrants that got there were from the asian hemisphere, specifically from china, japan, russia, and south asia, being china the country from where more people arrived.

the number of foreigners arriving at it took the attention of americans who feared the new arrivals would take their jobs. the work opportunities were not abundant due to the economic comedown of 1870 and the asians, as newcomers, were willing to work for cheaper wages. soon they started to be seen as a threat, which led to an increased discrimination against the chinese - the biggest ethnicity arrived at this station until 1915 when japanese immigrants outnumbered them - being considered as unsuitable americans hence their looks and social situation.

at the station, the immigrant's detention may vary depending on how long the interrogation process took: it could be weeks, months, or even years.

finally, in 1940 an explosion destroyed administration building located on the island, so the united states government decided to stop the process.