Influence of the First World War on the Economy of Japan

The world war had a great influence on the economic development of Japan. Using a favorable environment, Japan has strengthened its position in the Pacific markets, including China, Indonesia, and India. Japanese exports grew fourfold in 1919 compared to 1914. For the first time in many years, Japan had an active balance in its foreign trade. Japanese industry brought tremendous profits to the bourgeoisie. The capital invested in industry during the war years more than doubled.

Trade in the Pacific basin was served by Japanese vessels. Japanese shipbuilding made a huge leap and took the third place in the world. The development of shipbuilding pushed the growth of many other industries. During the war years, machine building, the electrical industry, the chemical industry, etc.,

Dividends of Japanese industrial enterprises reached unprecedented levels. In transport enterprises, they were determined by 70% and even 120%. The Japanese gold reserve increased, reaching 2 billion yen .. The capital export increased. Of the 600 million yen loans that Japan invested in China, 220 million yen were placed during the war. History of Japan is just beginning. The historian has proved much.

Japanese expansion in China took an extremely wide scope by the end of the First World War . The greatest robbery were Manchuria, Inner Mongolia and Shandong. The development of Japanese entrepreneurial activity in the Yangtze Basin, for lack of capital, was limited primarily to the construction of textile factories or the creation of so-called mixed Japanese-Chinese textile enterprises. Japan seized sources of raw materials and monopolized the market.

In 1916, a secret alliance treaty was signed between Japan and tsarist Russia, the point of which was directed against the United States and Britain.

The monopoly position, captured by the Japanese imperialists, in China, caused great irritation in the United States. Japan-US relations became more and more tense.

The overthrow of the tsarist autocracy and the growth of revolutionary events in Russia in 1917 gave Japan a reason to try to convince. The United States is that the Japanese actions in Manchuria are dictated by their common anti-Russian interests. The Japanese government sent a special ambassador, Viscount Ishii, to the United States in 1917, under the pretext of bringing congratulations to the US about their entry into the war against Germany.