What was the effect of the great depression on japan’s ability to trade for raw materials?
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How did the Great Depression impact Japan?Thus, the Japanese economy suffered debilitating effects from two sources, the impact of the worldwide depression and the appreciation of the yen associated with the return to the gold standard. The consequences, economically, were abrupt deflation and a severe contraction of economic activities in 1930 and 1931.
How did Japan obtain the raw materials needed for industrialization?Unlike England, who had an abundance of coal and other natural resources necessary for industrialization, Japan had very few of these raw materials. Instead, the Japanese traded for raw materials to fuel their factories and make their products.
When did the Great Depression affect Japan?Showa Depression 1930-1932. Japan experienced the deepest economic downturn in modern history during 1930-32.
How did the Great Depression affect world trade?The contraction in world trade during the first phase of the Great Depression stands out as the strongest adverse shock to international trade in modem history. From 1929 to 1932 world import and export volume in the industrialized nations decreased about 30%.
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