Building a Modern Economy - Japan

What was the main focus of the Meiji government's economic policy known as shokusan kogyo?

• Promoting agriculture

• Sponsoring industry and promoting enterprise

• Developing tourism

• Enhancing military power

What was the primary reason for Japan's early financial problems after the defeat of the shogun?

• High military spending

• Lack of foreign trade

• Inflation and imbalance in revenue

• Natural disasters

Which year was the yen officially adopted as the basic unit of currency in Japan?

• 1868

• 1871

• 1880

• 1890

Which bank was founded in 1880 to help modernize Japan's banking system?

• Tokyo Bank

• Osaka Bank

• Yokohama Specie Bank

• Kyoto Bank

What was the percentage of land tax as a source of ordinary revenue in 1877?

• 20%

• 25%

• 30%

• 35%

What was the main purpose of the strategic industries developed by the Meiji leaders?

• To enhance tourism

• To strengthen military power

• To improve agriculture

• To boost education

What was the impact of the fall of the shogun on Japan's economy?

• Increased foreign trade

• Development of defense industries

• Decline in agriculture

• Rise in tourism

What was the main reason for Japan's serious financial trouble in 1875?

• Poor management and lack of cooperation

• Natural disasters

• Military defeat

• Decline in agriculture

What was the role of foreign instructors in Japan during the Meiji period?

• To teach English

• To train in new industries

• To promote tourism

• To manage agriculture

What was the main reason for the establishment of the Bank of Japan?

• To promote tourism

• To control the nation's banking system

• To enhance agriculture

• To support education