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In the broadest sense, what goes by the name "replacement theory" — the idea that American elites are conspiring to replace so-called real Americans with immigrants from poor countries — is merely a description of the American way, enshrined in tradition, codified by law, promoted by successive generations of American leaders from Washington and Lincoln to Kennedy and Reagan.
There have been four, arguably five, great replacements in American history.
The first was the worst and the cruelest: the destruction — through war, slaughter, ill-dealing and wholesale expulsion — of Native Americans by European migrants. The same far-right true believers who now scream about their own purported replacement by the non-Indigenous tend to be the most indignant when reminded that at least some of their ancestors were once the replacements themselves.
The second was a religious replacement of Protestants, who now number fewer than half of all Americans. It began at least as far back as 1655, when the Dutch West India Co. rejected a petition by Peter Stuyvesant to expel Jews from New Amsterdam. (Doing so, the company wrote, would be "somewhat unreasonable and unfair.") It accelerated in the 19th and 20th centuries, mainly thanks to the mass migration of Catholics from Europe and, later, Latin America. It continues with the arrival of Muslims, Buddhists, Hindus and others, along with a more general loss of faith.
The third was the ethnic replacement of the English. With their arrival in North America came indentured servants from Ireland and continental Europe, then immigrants from Germany, France and Ireland, later from places ever farther east. Willa Cather's "My Ántonia," the American prairie classic, is a story of settlers from Bohemia and other places in Central Europe, who soon became the backbone of the American Midwest.
Non-Europeans had a tougher time. The descendants of enslaved captives from Africa, the only replacements who came against their will, faced years of resistance even after emancipation. And the first major federal law to restrict immigration was the Chinese Exclusion Act of 1882.