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21 July, 03:40

How did Japan attempt to solve its economic troubles during the Great Depression?

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  1. 21 July, 07:03
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    How did Japan attempt to solve its economic troubles during the Great Depression?

    The Japanese government began to invest in less capital-intensive industries to reduce overhead and promote international trade.

    ... The collapse of the US stock market caused inflation of the Japanese yen, which led Japan to abolish its currency and use only gold.

    Due to the reduction in foreign trade, Japan became more militaristic to gain control of natural resources in Asia.

    ... The Japanese government cut vital social programs in favor of internal infrastructure to avoid deficit spending.

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