Jap A Economic Power - 1184 Words

Japan, to this day, is a major economic power that has major influence on the rest of the world. It is a nuclear state, and has a GDP of almost 5 trillion USD. Japan wasn’t just like this and has gone through a tremendous period of growth after World War II in 1945. Since then, its economy has grown through its technological and manufacturing side. When the company was defeated in 1945, it was in an economic ruin. Everything that came before was in shambles, but little did the country know there was huge room for growth. (Ohno, 2006) After Japan was defeated in 1945, Japan was under US occupation. During this time a recovery strategy was put into place to work with the already in motion political and economic system. The Japanese entered a period of rapid growth between the years 1950-1970. This growth completely changed the economy and made Japan one of the best capitalistic economies of its time. Japan was a major industrialized nation with many new companies coming into power. â€Å"This would of not been possible without Subsidies, fukkin loans and US aid.† (Ohno, 2006)The Japanese benifeted from the war because of its close alliance with America and the fact of letting American troops station in Japan. War was actually an important factor of economic growth in Japan. Due to the fact of many factories and companies being wiped during the war, investments were made to bring better equipment into the factory so that efficiency was highly prioritized. Ohno puts it, â€Å"NewShow MoreRelated Nikolai Aleksandrovich Romanov: The Last Tsar of Russia1611 Words   |  7 Pagesand two younger sisters, Xenia and Olga. Nicholas II ruled from 1894 until his abdication on 15 March 1917, his reign saw imperial Russia go from being one of the foremost great powers of the world to an economic and military catastrophe. 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