Test 14 short Flashcards

1
Q

Japan Eras

A

Edo period 1603-1868
Meiji Period 1868-1912
Imperial Japan 1868-1947

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2
Q

Causes of COH

A

Shunned industrialization, trade, and inovation. Antiquated governmnet

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3
Q

Tariffs, quotas, subsidies, ambargoes

A

Tariffs: tax on imports
quota: max amount allowed
Subsidy: gov pays business to keep them competitive
Embargo: banned trade with another country

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4
Q

free trade? (processor mercantilism?)

A

Mercantilism: economic policy to maximise imports and minimize exports
Free trade: no tax/restriction

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5
Q

Why was there pressure on Japan and CHina to open borders?

A

western countries saw it as harmful to business and wanted free trade

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6
Q

China/Japan strat during the age of exploration/colonialism

A

they were isolationist and did not benefit from scientific and technological progress like the europeans.

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