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Discuss the important part of Meiji reform of the economy.

Answer» <html><body><p></p>Solution :The important part of the Meiji <a href="https://interviewquestions.tuteehub.com/tag/reform-1181805" style="font-weight:bold;" target="_blank" title="Click to know more about REFORM">REFORM</a> was the modernisation of the economy. Following steps were taken for this:<br/> 1. Japan.s first railway line, between <a href="https://interviewquestions.tuteehub.com/tag/tokyo-710649" style="font-weight:bold;" target="_blank" title="Click to know more about TOKYO">TOKYO</a> and the Port of Yokohama was built in1870-72.<br/>2. Funds were raised by levying an agricultural tax.<br/>3. Textile machinery was imported from Europe and foreign technicians were also employed to train workers and also to <a href="https://interviewquestions.tuteehub.com/tag/teach-659626" style="font-weight:bold;" target="_blank" title="Click to know more about TEACH">TEACH</a> in universities and schools, Japanese students were also sent to abroad.<br/> 4. In 1872, modern banking institutions were also launched. <br/>5. Companies like Mitsubishi and Sumitomo were also helped through subsidies and tax benefits to become major shipbuilders so that Japanese trade was carried through Japanese ships. <br/>6. The number of industrial labourer in Japan was 700,000 in 1870 CE which reached upto four million in 1913. Most of the labourers worked in units having less than 5 people. <br/>7. By 1925, 21 <a href="https://interviewquestions.tuteehub.com/tag/per-590802" style="font-weight:bold;" target="_blank" title="Click to know more about PER">PER</a> cent of the population lived in cities. By 1935, this <a href="https://interviewquestions.tuteehub.com/tag/figure-987693" style="font-weight:bold;" target="_blank" title="Click to know more about FIGURE">FIGURE</a> had gone upto 32 per cent.</body></html>


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