Test 14 short Flashcards
Japan Eras
Edo period 1603-1868
Meiji Period 1868-1912
Imperial Japan 1868-1947
Causes of COH
Shunned industrialization, trade, and inovation. Antiquated governmnet
Tariffs, quotas, subsidies, ambargoes
Tariffs: tax on imports
quota: max amount allowed
Subsidy: gov pays business to keep them competitive
Embargo: banned trade with another country
free trade? (processor mercantilism?)
Mercantilism: economic policy to maximise imports and minimize exports
Free trade: no tax/restriction
Why was there pressure on Japan and CHina to open borders?
western countries saw it as harmful to business and wanted free trade
China/Japan strat during the age of exploration/colonialism
they were isolationist and did not benefit from scientific and technological progress like the europeans.