thanks a million
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Japan!
#2
Posted 17 April 2006 - 06:02 PM
kathy's, on Apr 17 2006, 07:17 PM, said:
hi fisrt of all I want to say how is your week?
Good, thank you. Just enjoying the last day of the holidays.
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Um... I need a little help, japan modernized their nation right?
That's right.... I assume you are talking about modernisation in the late C19th/before the First World War?
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So my question is what steps did japan take to modernize their nation?
thanks a million
thanks a million
The steps the Japanese government took include the following:
- They adopted Western/capitalist ideas of a free market economy whereby the government interferes as little as possible in the economy and where supply and demand determine the price that goods and services will fetch and where efficient businesses will succede and those that are not will fail.
- They adopted, and adapted, Western technologies in industry (especially textile manufacture and shipbuilding), transport (eg railway network) and communications (eg a national postal system was set up)
- At first the government set up 'model factories' that private businesses could copy.
- They introduced a new currency (the yen) and set up a banking system along Westen lines.
- They set up a Stock Exchange where shares in businesses could be bought and sold.
- Universities were established.
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