Question

Help!

What was the impact of global depression on Japan’s economy?


It caused a large decline in production and lasted fewer years than in Britain or the U.S.


It caused a moderate decline in production and lasted fewer years than in Britain or the U.S.


It caused a moderate decline in production and lasted more years than in Britain or the U.S.


It caused a large decline in production and lasted more years than in Britain or the U.S.

Answer 1

It caused a moderate decline in production and lasted fewer years than in Britain or the U.S.

Answer 2

The correct option is: "It caused a moderate decline in production and lasted fewer years than in Britain or the U.S."

In the 1930s, the Japanese economy suffered less from the Great Depression than most industrialized nations, its GDP expanded at a rapid rate of 5% per annum. Industry and mining accounted for more than 30% of GDP, more than twice the value of the agricultural sector. Most of the industrial growth, however, was aimed at expanding the nation's military power.