The Meiji Restoration Boost to Japanese Economy

At the end of the 19th and beginning of the 20th century Japan experienced an incredible transformation. In a span of roughly 30 years the island nation went from a feudal society to an imperial power during a period known as the Meiji Restoration. This chart shows just how much of a boost the Meiji Restoration was to the Japanese economy.

Since 1600 the island of Japan was ruled by the Tokugawa shogunate. The shogunate organized the nation through a feudal system, with the daimyō (feudal lords) in charge of their local domain. The samurai were the warrior class who dominated society and had special class privileges. The shogunate had a strict isolationist policy that foreigners were not allowed to enter the country.

While the shogunate worked for many years, Japan quickly fell behind the modern imperial powers, especially the Western nations. This became especially apparent in 1853 when US ships under Matthew Perry visited and forced Japan to sign treaties opening the nation up for trade.

The Meiji Restoration Boost to Japanese Economy

Meiji Restoration Boost to Japanese Economy chart

By 1868, the shogunate had lost power, with Emperor Meiji becoming the central ruler. Japan sought to modernize the nation and looked no further than the structure of the Western nations to do so. After some initial resistance in the first decade, Japan enacted rapid changes to their economy, military and social structures.

To boost the economy Japan abandoned their feudal society and class system. This allowed the freedom of movement and occupation for all citizens and a market based economy emerged. Spurred by public and private investment the nation’s industrial capacity and technology drastically improved. The chart shows how over a 30 year period Japan’s exports and imports increased 10 fold.

In the process Japan also reorganized their military. They formed a national military with universal conscription. All males were required to serve for at least 3 years. They were taught in western organization and armed with the latest western weapons. Their military modernized so fast that within 3 decades they had already won two wars. The first against China, and the second against Russia – stunning the western nations.

The Meiji Restoration was one of the most rapid and impressive transformations in history. It catapulted Japan onto the world stage and directly led to the inevitable showdown with the Western powers during World War II.

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Source: Iroquois CSD

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