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4.1 Depression and Political Extremism

4.1 Depression and Political Extremism - Depression and...

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Depression and Political Extremism Katsu Kaishū was a pro-westernization, pro-modernization leader Survived the Boshin War and became a naval officer Lecture Outline 1. The Last Liberal Governments 2. Depression 3. Radicals 4. Manchukuo 5. Government by Assassination Amaguchi & Shideara Shidehara Kijūrō, Minseitō Shidehara wanted to cooperate with foreign powers Quest for autonomy – Japan trying to create spheres for autonomy in China and Southeast Asia Why they withdraw from League of Nations Autarky – non-trading economy, make yourself completely independent from foreign markets Shidehara was the opposite of the idea of autarky As an island nation relies on foreign countries for trade and resources Wanted to cooperate with US and Britain especially – was fluent completely in English 1920 Shidehara led Japan to join the League of Nations Establishes positive relations with Chinese Nationalist party Alleviated US fear of Japan imperialists acts Shidehara was seen as a hero of liberalism in the postwar period But during and before the war he was despised and seen as giving foreigners whatever they wanted “Shidehara Diplomacy” 3/1930 London Naval Conference Assassinations At naval conferences, set limits on how much you can build so Naval Disarmament Treaty This lead to in 1930 young officers assassinating Hamaguchi Attacks were connected to military groups Conservative elements in the seiyukai linking up with military ppl to kill him, was a risky action Minseitō struggled to get women the right to vote but the assassinations end all this Right for women to vote was passed the lower house in 1931 where the Minseitō dominated End of Liberal Party power? Depression Consumer demands much lower than output of the groups Gold standard Farmers were hit especially hard because had borrowed money using their land as collateral, as the foreclosures came the banks asked for money Values of their commodities were plummeting, price of rice falling Land tenancy increases – people renting land from banks or rich people 1929 US Stock Market Crash 1932 Tohoku famine Series of crop failures leading to famine that was highly publicized by the press The people in power are liberals (liberals with connections to business and the businesses are related to capitalism) People in power seem to be in bed with the banks A lot of the people disinfected with capitalism and know how to fight and begin to get organized
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Liberals still don’t go out of power right away 2 to 3 thousand workers 1930-1932 lost their jobs every year concentrated in urban areas
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