Early Japanese Capitalism - Stuff That I Find Interesting

The video explores the development of Japanese capitalism, starting with the unification of Japan in the late 16th century, which led to centralized marketplaces. The Dojima Rice Exchange in Osaka became one of the world's first futures markets, crucial for merchants and samurai. Companies like Mitsui and Sumitomo were founded, evolving from fabric and spiritual books to copper and metal trade. These companies laid the groundwork for Japan's industrialization, benefiting from Western techniques, making Japan's transition smoother compared to other nations.

What role did the Sumitomo clan play in Japan's economic development during the late 17th century?

In what ways did Japan's existing economic structures facilitate its industrialization compared to other nations?