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Japan also won two victories over the world's two largest empires -

China in 1895 and Russia in 1905 , which gave Japan Korea, the Liaotung

peninsula in North China , and a new status as a world power .

Between 1900 and 1940 , Japan's exports would triple , manufactured

goods multiplied a dozen times , and it's population would climb to 78 million

by 1940...

Japan's expanding commercial , industrial and financial economy was due

mainly through the small group of wealthy business families known as the

Zaibatsu . These included industrial dynasties such as Mitsubishi , Mitsui ,

Kawasaki , and other major firms .

The Japanese used the most effective way to maintain their national

identity , which was to adopt Western techniques , become "civilized " in the

Western view , and deal with foreigners on equal economic and diplomatic terms ...

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