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Meiji Restoration and Economic history of Japan

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description: The industrial revolution began about 1870 as Meiji period leaders decided to catch up with the West. The government built railroads, improved roads, and inaugurated a land reform program to prepare t ...

The industrial revolution began about 1870 as Meiji period leaders decided to catch up with the West. The government built railroads, improved roads, and inaugurated a land reform program to prepare the country for further development. It inaugurated a new Western-based education system for all young people, sent thousands of students to the United States and Europe, and hired more than 3,000 Westerners to teach modern science, mathematics, technology, and foreign languages in Japan (O-yatoi gaikokujin).
In 1871 a group of Japanese politicians known as the Iwakura Mission toured Europe and the USA to learn western ways. The result was a deliberate state led industrialisation policy to enable Japan to quickly catch up. The Bank of Japan, founded in 1877, used taxes to fund model steel and textile factories. Education was expanded and Japanese students were sent to study in the west.
Modern industry first appeared in textiles, including cotton and especially silk, which was based in home workshops in rural areas.[116]

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Meiji Restoration and Economic history of Japan

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