Today's Economic History: Takahashi Korekiyo
Today's Economic History: : Takahashi Korekiyo: "Viscount Takahashi Korekiyo (高橋 是清?, 27 July 1854 – 26 February 1936)...
...was a Japanese politician who served as a member of the House of Peers, as the 20th Prime Minister of Japan from 13 November 1921 to 12 June 1922, and as the head of the Bank of Japan and Ministry of Finance.
Takahashi made many contributions to Japan's development during the early 20th century, including introducing its first patent system and securing foreign financing for the Russo-Japanese War.
Following the onset of the Great Depression, he introduced controversial financial policies which included abandoning the gold standard, lowering interest rates, and using the Bank of Japan to finance deficit spending by the central government. His decision to cut government spending in 1935 led to unrest within the Japanese military, who plotted his assassination in February 1936. Takahashi's policies are credited for pulling Japan out of the Depression...
