The Japanese economy of the 1920s suffered from a retrenchment after the boom of the First World War. For most of the decade, the real economy remained dull, with low economic growth, mild deflation, and an unsettled financial system.
Answer – Racial Prejudice
Racial prejudice against Asian
immigrants started building in the U.S since when Chinese workers began to
arrive in the country in the mid-19th century, this prejudice set the tone for
the resistance that was faced by many Japanese-Americans during World War II, which
led to them being relocated to government-run internment camps.
Seabury refused to be silent in the face of this open rebellion or rule by Committee which he likened to mob and bully tactics. He argued directly and effectively against the comprehensive commercial opposition passed by the delegates. Seabury predicted economic ruin from blockading ports, and depressed flaxseed and land prices.
