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Topics > History > Economic Changes in Meiji Japan


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Economic Changes in Meiji Japan

The restoration of the Emperor Meiji catalyzed the radical reform that occurred in Japan in the period between 1868 and 1912. ... The Meiji era was perceived as one that underwent major change with the introduction of a new economic system. ... Results of this changes on society were both positive and negative. ... The overall consumption of the Daimyo was excessive; it was this spending that began the development of the economy in Japan.

The establishment of an education system in Japan opened the doors for fundamental change in the nation. ... This was taught in the hope that they would adopt this information; using it to contribute to further the modernize Japan for he future. This system of education facilitated the transition of Japan to a modern country in the Meiji period. ... Equipment, machinery and expensive technology were required to maintain economic development – most of which had to be imported from the Western countries. ...
Another way in which society was affected by these changes was the production of these exported goods. ...

The major transition from the Tokugawa to the Meiji Era was in the modernization of an agrarian to an industrial economy. ... It was also partially due to the heavy taxation on farmers for the use of land; thus being a downfall of the economic change.
However, though the agrarian aspect of the economy was not the main provider of profit; it developed steadily during the Meiji period. ...

Japan’s most valuable economical commodity was their natural abundance of silk. Although this trade operated on a smaller-degree in the Tokugawa period, it was transformed into a powerful and affluent industry by the beginning of the early Meiji Era.


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