Question

What was the impact of global depression on Japan’s economy?

Answer 1

I took this on a quiz earlier but all I can remember is the fact that it... lasted fewer years than Britain or US.........however, I will probably say it is D..........sorry if it isn't correct...

Answer 2

The fourth alternative is correct (D).

Japan rebounded more quickly from the Great Depression than the Great Betanha and the US.

Asian countries were heavily affected by the Depression Grid as they depended on the export of agricultural products to Europe and the USA. Thus, Asian international trade fell dramatically, as the United States and Europe were surrounded by the recession. Japan's GDP, with a growing industrial base, fell by eight percent between 1929 and 1930.

However, Japan quickly emerged from the crisis, since it relied less on agricultural exports than other Asian countries. Manufacturing, mining, and the expansion of military power sustained Japan's rapid recovery, which grew at a rate of five percent in the 1930s.