China and Japan share various cultural ideas with each
other. With their geographical proximity, they have continued to influence one
another. However, despite their similarities, there are also ways which these
two nations differ, and that is their view of the white man from the west.
Both China and Japan confronted challenges from Western
imperial powers and ended up signing unequal treaties with the West. However,
one stark difference in their reaction to these unequal treaties. The Japanese government,
currently under the Meiji regime chose to develop themselves through Westernization
in Japan. The Qing government, on the other hand, decided to keep the
traditional Chinese values and institutions in China. China’s efforts at
reforms were focused on dealing with the traditional methods to the growing western
influence in the country. Chinese cultural pride was profoundly ingrained in
their mindset that it turned into an impediment. It blinded numerous Chinese,
stopping them from identifying the requirement for fundamental change and to assimilate
new information from the west. Unlike China, Japanese efforts then was to
understand and recreate foreign technology to meet their military and
industrial requirements. These endeavors proved to be successful. The Meiji
then saw that military technology and industrialization could not be removed
from institutional structures that created these developments in the West. They
displayed minor hesitation in altering or ending traditional institutions for
those that could give Japan the modernity it needed to prosper as nation.
In conclusion, the Meiji Restoration was the Japanese’
success in assimilating western idea to their traditional way of things.
Proving that opening themselves for criticisms and help from western power
could be used to empower themselves.
Answer:
He saved the American Economy and led to the establishment of the Federal Reserve.
Explanation:
JP Morgan was a businessman with contacts and investments in many different industries. These contacts, and his wealth, allowed him to wield huge control over the financial industry. This resulted in two big events. Firstly, there was the Gold Crisis of 1895. The US Treasury nearly ran out of gold and Morgan persuaded the president to use an old law to buy gold off him (And the rockefellers). This stabalised the American Dollar and averted crisis. A similar thing happened in 1907. Major New York banks were on the verge of collapse and Morgan held a meeting at his mansion where he forced the New York finaciers to come up with a plan. This they diid and the federal government saved the banks. Morgan also used his controlling interest in US Steel to buy the stock of a competitor whos stock was casuing a brokerage firm to collapse. Despite the anti trust legislation he purchased the stock, This restored confidence in the banking system and ensured the crisis was over.
More importantly, the event made the government realise that they couldnt rely on there always being a wealthy indiividual like Morgan to save the day should there be another crisis. This lead to the creation of the Federal Reserve System in 1913. This was a joint effort of a team of banking and political leaders, led by Senator Nelson Aldrich.
Answer: The East German communist command economy limited economic prosperity
Explanation: East Germany was part of the Soviet interest zone after the Second World War. Like all other countries with imposed communist regimes, the economy is strictly governed by the government, that is the command economy. In an economy where there is no free market, all economic parameters are determined by the government, and so is the case of East Germany. Although Berlin was completely destroyed at the end of WWII, West Berlin, which was part of the Western Allied Zone, advanced much faster than East Berlin.
He was vice president but the presedient was assasinated so he bacame president
Answer:
Germany had huge economical problems after the WWI and they are widely seen caused by the Versailles Peace treaty. Besides huge war debts Germany also needed to pay in total 132 billion marks of reparations for the Allies. Beginning from the 1921 Germany faced a huge inflation often referred as hyperinflation.
Explanation:
