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Hara Takashi becomes the first commoner to be in office as the prime minister of Japan. Japan finally sets up its two-party political system after World War 1. Through manipulation of long-standing relationships, Hara Takashi won over the support of surviving genro and House of Peers. However, he also had to take care of issues like inflation and labor movements to ensure the economy remained stable.
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Treaty of VersaillesOn November 11th, 1918, the Allied Powers negotiated terms, mostly with themselves, to which peace could be maintained between all the countries involved in World War I. In order to attai peace, the Allied Powers had to satisfy the demands of those who aided them. This included blaming Germany as the cause of the war, having them pay over 30 billion in reparations, and limiting their military to 100,000 soldiers (Great Britain had 6 million mobilised during the were for contrast).
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World War I veteran & publisher of Socialist newspapers, Benito Mussolini, breaks from Italian Socialists, and establishes the nationalist Fasci di Combattimento, named after the Italian peasant revolutionaries.
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Hara was assassinated by a disenchanted railroad worker in 1921.
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The Nine Power Treaty, signed by Belgium, China, Portugal, the Netherlands, and the five original powers, was established to attempt to prevent war in the Pacific.
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Benito Mussolini marches his fascists to Rome, and King Emmanuel III, who lacked faith in his on government, asks Mussolini to form a new government.
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Initially Mussolini cooperated with the Italian parliament, however by 1924, Mussolini began his aggressive nationalism invading places like Ethiopia, Libya, Somalia, and even Albania. He eventually allies himself with Adolf Hitler.
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This annoucement of the suspension of oparations for the Nippon Sekizon Bank in Kyoto became quite historic because this single move triggered bank panic all over the Kyoto & Nara regions.
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The Great Kanto Earthquake quickly bacame known as the one of the worst tragedies to hit Japan, as the powerful earthquake and ensuing tsunami would tramatize the nation.
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The ordinance is a legislation to indemnify the losses incurred by the Bank of Japan through rediscounting of the Earthquake Casualty Bills (ECBs).
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In 1925, the Diet of Japan established the Universal Suffrage Law, extending voting rights to all males ages 25 and older.
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In attempt to revive their long standing gloomy economy, the Bank of Japan (Feeral Bank) chooses to help rescue weakened industries and banks tied with bad debt by issuing out loans. However, though the policy eased short-term economic strain, it implanted a time bomb in the Japanese economy that would devastate them several years later.
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Although the the act was proclaimed in 1927, the act only took effect on the first of January the next year.
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Osachi Hamaguchi was a Japanese politician who became a cabinet minister, and was eventually moved up to Prime Minister of Japan in July of 1929.
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The summer of 1929, Japan progressed towards democracy, having movements such as the the Taisho Democracy. During the Depression, Japan also became very militarized, resembling many features of what would be called a totalitarian state.
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On this date, the world experienced its first stock-market crash, which, as a result, decimated most of the world's economy. As America began to request all of their stosks back and restrict their foreign policy, the rest of the world became quite scared and hostile.
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In attempt to now-overvalued exchange rate, finance minister & Bank of Japan governor, Junnosuke Inoue returns Japan to the gold standard. Sadly, Inoue's deflation policy coincided with the beginning of the Great Depression in the world economy.
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Hamaguchi's plan to cut civil-service salaries was bitterly resisted, and his attempts to force the military to yield to civilian leadership aroused right-wing disapproval. Finally, when he accepted the terms of the 1930 London Naval Treaty limiting armaments he was officially resented, resulting on his assassination at the Tokyo Railway Station by a right-wing youth in November 1930. However, after battling for his life for a year, he died in August 1931.
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In an attempt to claim the lands they were promised in World War I, Japan decides to invade China, so that they can have influence in an non-island country. After invading Chinese territory, a violent war between Japan & China is commenced.
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After being advised by a famous philosopher, chooses to leave the gold standard.
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After capturing Manchuko, Japan finally succeeds in taking its first colony. However, to fit to modern beliefs of self-determinism, Japan claims the land is "independent," claiming the land was just under Japan's protection.
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After Japan finally claimed its first non-island colony, Lytton Reports accuse Japan of being the aggressor. However true, the Allied Powers choose not to intercede due to the fact that they may be to blame for not satisfying Japan's demands during World War I. Japanese special interests are acknowledged, and it proposes to make Manchuko an autonomous part of China under Japanese control.
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The major powers finally discuss equalizing rights for Germany.
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Although Japan left the League of Nations, the lack of consequences demonstrated the weaknesses of the League against a determined aggressor.
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Germany begins violating the Treaty of Versailles, but the world does nothing because most of the major powers feel guilty about the scapegoating.
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Germany begins to invade lands, but the world appeases them because of residual guilt about the scapegoating
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Nissan Motor Company was founded.
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Spain breaks into chaos as General Franco pushes his ideas on the rest of the nation. Germany & Italy aid General Franco in the hopes of gaining an ally for their own conquests.
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Japan resumes its war with China in order to claim more land.
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President Franklin D. Roosevelt finally renounces Japan's neutrality, and assumes an enemy of Japan.
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This marks the beginning of Italian aggression.
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Japan & the Soviet Union declare an armistice after an outbreak over borders.
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