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Episode 49: The Japanese Economy After WWII

Sep 21, 2020
After WWII, Japan’s economy boomed: it rivaled the US in economic recovery in just 80 years up until the end of the Cold War era. Japan rose from the devastating destruction to recovery in the wake of Hiroshima and Nagasaki to becoming one of the top-performing economies in the world.  Looking at Japan’s economic growth, it is hard to imagine that it once suffered from being on the losing side of WW2 with most citizens of its nation barely had their basic needs met. Japan’s westernization, military growth, defeat, and economic growth were products of interaction with the United States since Matthew Perry showed up at its pier on the very day of July 8th, 1853 forcing isolated Japan to open up to trade with the United States.

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