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The Pursuit of Power in Modern Japan 1825–1995$
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Chushichi Tsuzuki

Print publication date: 2000

Print ISBN-13: 9780198205890

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780198205890.001.0001

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Economic Crises and Overseas Colonies

Economic Crises and Overseas Colonies

Chapter:
(p.223) 11 Economic Crises and Overseas Colonies
Source:
The Pursuit of Power in Modern Japan 1825–1995
Author(s):

CHUSHICHI TSUZUKI

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198205890.003.0012

This chapter introduces the general crisis of capitalism. It explains the post-war financial panic of 1920. The panic of 1920 wiped out all of the profits earned during the First World War, and Japan, which had enjoyed a long period of rising prices since the end of the Matsukata deflationary policy, now entered a prolonged period of deflation, part of the worldwide slump in the 1920s. The chapter also deals with the earthquake bills and the 1927 financial crisis. It is not easy to ascertain the exact roles played by Mori and Yamamoto Jotaro in shaping foreign policy pursued by the Tanaka government. The gold standard restored and abandoned, and the impact of the world depression are shown as well. Moreover, economic growth during the depression and the new zaibatsu, and Japan's colonial empire in the 1930s are described. Korea gets special attention in this chapter as she had been a key factor in Japan's foreign policy and imperialist designs since the early Meiji period. The chapter then addresses Taiwan, the South Manchurian Railway, and Japanese residents in Shanghai.

Keywords:   capitalism, Japan, foreign policy, financial crisis, gold standard, world depression, Korea, Taiwan, South Manchurian Railway, Shanghai

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