History SL
5
Chapters
187
Notes
Case study 1: Japanese Expansion In East Asia 1931-41 (The Global War)
1930s Japan The Rise of Nationalism & Foreign Policy Shifts
Commodore Perry's Historic Arrival: Japan's Gateway to Modernization
The Meiji Restoration – a period of social & political change
19th Century Japan The Pivotal Role Of Education In Nation-Building
Emperor’s Warriors: Meiji Japan's Military Evolution
Unlocking 1894: Sino-Japanese War Secrets
Russo-Japanese War: Unveiling East Asia's Turning Point
Explore The Taishō Era: Japan's Transformative Years
Insights: The Paris Peace Conference Of 1919
Japan's Pivotal Politics: Impact on Foreign Relations
Japan's Shift: Taishō Democracy to Militarism
Exploring 1920s: Social Change & Economic Shifts
Insightful Look: Japan & The Great Depression
Ultra-Nationalism’s Rise: A Threat to Democracy?
Unveiling the Shōwa Era: Japan's Time of Illustrious Peace
Exploring China's Political Turmoil: 1911-22
Unveiling Guomindang's Bold Northern Expedition
Japan’s Ascendancy: A Modern Power’s Journey
Explore: Japan's Occupation of Manchuria, 1931
Explosive Insights: The Manchurian Incident of 1931
Unveiling Manchukuo: Japan’s Hidden Puppet State
Unveiling The Manchurian Incident: Causes & Impacts!
1931 Manchurian Incident: Japan's Power Struggle
Explore The Legacy of Russo-Japanese War!
China's Stand On The Manchurian Incident
Japan's Expansion: Insight Into 1930s Manchurian Policy
Shanghai's Hidden History: 1932's Untold Stories
Global Reaction to Manchurian Incident Unveiled!
Inside Japan's 1931-38 Expansion: A Revealing Look
Soviet Union & East Events: A Historic Insight
Unraveling 1930s Global Tensions: Fascism & Expansion
Unveiling The Second United Front: A Pivotal Alliance
1936 Japan: The Revealing February Coup
Exploring the Impact of the Anti-Comintern Pact, 1936
Shanghai Showdown Chinese Resistance, 1937!
1937 Brussels Conference Clash & Concord
Tragedy of Nanjing 1937: The Horrors of the Sino-Japanese War
Insight: Japan's 'China Incident' Response
Sino-Japanese War's Profound Impact
East Asia’s New Order: A Pivot in Japanese Policy
Japan & Europe: Tensions of 1938–39 Explored
Japan's Strategy: Impact of WWII in Europe
1939 Tianjin Incident Impact & Aftermath
1940 Tripartite Pact: Axis Powers Align!
Exploring US Foreign Policy: Post-1936 Insights
End Of U.S. Isolationism: A 1939 Perspective
Revealing Operation Barbarossa: Shifts In WWII Alliances!
US Oil Embargo & Indochina: 1941 Insights
Failed Diplomacy U.S. & Japan 1941 Talks
Pearl Harbor: The Untold Secrets
War's Outbreak: Diverse Views on Far Eastern Conflict!
Unraveling Japanese Expansion: A Chapter 3 Review
Case Study 2: German & Italian Expansion 1933-40 (The Global War)
Part 1 - Rivalry, Mistrust & Accord (The Cold War)
Part 2 - Leaders & Nations (The Cold War)
Part 3 - Cold War Crises (The Cold War)
History SL
Case study 1: Japanese Expansion In East Asia 1931-41 (The Global War)
Insightful Look: Japan & The Great Depression
546 words
3 mins read
Last edited on 5th Nov 2024
Table of content
Great depression hits japan
- Japan, like many other countries, relied on exporting goods to other countries for its economic stability.
- The Great Depression, which started in 1929, led to a collapse in world trade and negatively affected Japan.
Austerity & deflation
- In response to the economic downturn, the Japanese government implemented an austerity program, which focused on deflationary measures (reducing inflation or preventing it from occurring).
- Niall Ferguson, a historian, suggests that Japan's decision to pursue austerity and return to the gold standard in 1929, right before the Wall Street Crash, was poorly timed and made the situation worse.
Economic decline
- Japan's exports fell by 6% between 1929 and 1931.
- Unemployment rose to 1 million people.
- Agricultural incomes also slumped.
Government action
- Faced with an overvalued Yen and increasing protectionism by the British Empire and American markets, Japan decided to leave the gold standard in 1931.
- This allowed the Yen to float, meaning there was no fixed rate of exchange.
- At the same time, the government started spending money on military equipment.
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History SL
Case study 1: Japanese Expansion In East Asia 1931-41 (The Global War)
Insightful Look: Japan & The Great Depression
546 words
3 mins read
Last edited on 5th Nov 2024
Table of content
Great depression hits japan
- Japan, like many other countries, relied on exporting goods to other countries for its economic stability.
- The Great Depression, which started in 1929, led to a collapse in world trade and negatively affected Japan.
Austerity & deflation
- In response to the economic downturn, the Japanese government implemented an austerity program, which focused on deflationary measures (reducing inflation or preventing it from occurring).
- Niall Ferguson, a historian, suggests that Japan's decision to pursue austerity and return to the gold standard in 1929, right before the Wall Street Crash, was poorly timed and made the situation worse.
Economic decline
- Japan's exports fell by 6% between 1929 and 1931.
- Unemployment rose to 1 million people.
- Agricultural incomes also slumped.
Government action
- Faced with an overvalued Yen and increasing protectionism by the British Empire and American markets, Japan decided to leave the gold standard in 1931.
- This allowed the Yen to float, meaning there was no fixed rate of exchange.
- At the same time, the government started spending money on military equipment.
Unlock the Full Content!
Dive deeper and gain exclusive access to premium files of History SL. Subscribe now and get closer to that 45 🌟
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