| Popis: |
There were the last crises of stock and commodity markets immediatoryafter the Taisho Bubble burst in the middle of June 1920. But they werenot explicit but implicit ones. Markets recovered since for a while.In the special Diet in June and July Kenseikai, the opposition party,criticized the economic policies of the Hara cabinet. Kenseikai claimed thatthe economic policies of Seiyukai got rid of the bubble and the inflation thatmade the landowners richer. They were supporters of Seiyukai so thatsuch economic policies had a political aim. Responding these attacks,Korekiyo Takahashi, the Minister of Finance said that the economicconditions would be worse if he took of economic policies of Kenseikai.It is very difficult to discern bubbles in advance. So that it is also difficultto prevent bubbles. The best way to deal bubbles is damage-control ofeconomic oscillation bubbles brought. But the party system of the Taishoand the early Showa era failed to control the oscillation of bubbles. Andthat led to the end of the party politics in the prewar Showa era. |
