The stock market crash of October 1929 led directly to the Great Depression in Europe. When stocks plummeted on the New York Stock Exchange, the world noticed immediately. ... The gold standard was the primary transmission mechanism of the Great Depression
It was believed that the Meiji period Japan was planned to develop nationalist ideology comprising a merger of inherent and western political philosophies. ... Thus, the growth of Japan as a powerful competitor of the European powers in the age of territorial expansion.
