Japanese economic history
戦間期 in the history of Japanese economy is for 17 years from 1920 to 1937.
Japanese economy will be hit by three big depressions, reactionary depression (1920 depression), ? financial crisis, and ? Showa Depression, after the war [ ? ], and will experience long-term depression in this period.
The one-eyed postwar reactionary depression which occurred for 1920 (Taisho 9) years is the depression which made the cause the economical gap of during the war and the postwar period.
As for the Japanese economy of the 20s, a protracted economic slump will continue starting with this depression.
The global supply shortage of 1920 previous World War I (1914 to 18 years) made Japan 's export expand, and it led it to prosperity.
Expansion of demand changed Japan from the agricultural country of prewar days to the industrialized country.
Moreover, the labor shortage by expanding demand moved the farmer to the city, and supported city development greatly.
However, when World War I held the end of the war and it entered in the 20s, Western countries reorganized domestic production and it reduced the demand to Japan.
In addition to the reduced demand from Western countries, an excess of imports by resumption of import decreased the Japanese specie, and caused the fall of a money order and quotations on commodities.
In this way, Japanese economy will fall into a protracted economic slump.
Moreover, this depression will deal a blow to many companies, and will drive them in to a breakdown.
Moreover, although a return of the gold standard by the lifting of the gold embargo was desired as a measure against reactionary depression, a ban was not removed on the bank or foreign trade business which were faced with the dormant capital at this time.
(After World War I, the countries of many including the United States returned to the gold standard one after another, and formed the axis of new international finance.)
Then, the Great Kanto Earthquake occurred for 1923
Japanese economy will be hit by three big depressions, reactionary depression (1920 depression), ? financial crisis, and ? Showa Depression, after the war [ ? ], and will experience long-term depression in this period.
The one-eyed postwar reactionary depression which occurred for 1920 (Taisho 9) years is the depression which made the cause the economical gap of during the war and the postwar period.
As for the Japanese economy of the 20s, a protracted economic slump will continue starting with this depression.
The global supply shortage of 1920 previous World War I (1914 to 18 years) made Japan 's export expand, and it led it to prosperity.
Expansion of demand changed Japan from the agricultural country of prewar days to the industrialized country.
Moreover, the labor shortage by expanding demand moved the farmer to the city, and supported city development greatly.
However, when World War I held the end of the war and it entered in the 20s, Western countries reorganized domestic production and it reduced the demand to Japan.
In addition to the reduced demand from Western countries, an excess of imports by resumption of import decreased the Japanese specie, and caused the fall of a money order and quotations on commodities.
In this way, Japanese economy will fall into a protracted economic slump.
Moreover, this depression will deal a blow to many companies, and will drive them in to a breakdown.
Moreover, although a return of the gold standard by the lifting of the gold embargo was desired as a measure against reactionary depression, a ban was not removed on the bank or foreign trade business which were faced with the dormant capital at this time.
(After World War I, the countries of many including the United States returned to the gold standard one after another, and formed the axis of new international finance.)
Then, the Great Kanto Earthquake occurred for 1923
Bibliography: - University of Tokyo Press written by Ryoichi Miwa (2012) "history of outline Japanese economy modern times" - Education Development Association, the Mataro Miyamoto (2012) "history of revised new edition Japanese economy" University of the Air