WorksheetsJapan: Changing Economic System
Total questions: 14
Worksheet time: 7mins
Japan already had ALL of the following under the Tokugawa shoguns, EXCEPT which?
A road system
markets
vibrant merchant class
private industry
Leaders of Japan wanted the country to become much more:
unified
socialized
industrialized
conservative
What is the difference between a FOREIGN and a DOMESTIC good?
Foreign = made inside the country
Domestic = made outside the country
Foreign = made outside the country
Domestic = made inside the country
Japan was restricted by the _________ agreements made with Western powers.
many
trade
military
economic
Which of the following NEW industries in Japan were solely (only) for the military? (Select ALL answers that apply)
silk
munitions
textile
gunpowder
Why were many of the new industries in Japan both government FUNDED and OWNED?
Government felt it was necessary to "jump-start" the economy.
Government was not ready to let go control of the economy.
Government was giving people what they wanted: publicly funded operations.
Government was handing over power to the people to make decisions.
What happened within roughly 10 years of the government having control of most of the industries in Japan?
It became too costly, so they handed business over to private companies.
It became difficult to manage everything, so they handed it over to private companies.
It became too hard to make a profit, so they handed it over to private companies.
What was the main switch economically that took place in Japan during the Meiji era?
Private -> Public
Public -> Private
The group of men owning a lot of the companies in Japan became very closely tied to the government and were known as:
Matsukata
Zaibatsu
Masayoshi
Zekbuddah
Matsukata Masayoshi was the Minister of Finance in Japan for many years. He suggested all of the following, EXCEPT FOR WHICH?
Renegotiate unequal treaties
Government will no longer manage industries
We need to impose a land tax
I am raising the value of printed money
Which of the following terms/phrases are NOT related to CAPITALISM?
Engaged in business
Entrepreneurs
Buying/selling goods for profit
People work in exchange for goods
Using the West as a model, Japan's government helped the economy change and grow by doing ALL of these, except one:
Built new railroads; roads were paved
A strong army and navy was created
Ministry of banking was set up to help businesses
Telephone and telegraph systems were built
What was the name of the Japanese family/company that owned and operated many industries in Japan (and have successfully done so since the Meiji era)?
Toyota
Sumitomo
Honda
Mitsubishi
Taxes on goods that are brought in from foreign countries.
domestic product
national income
import tariffs
foreign product
