Japan was able to prevent slipping into the mire of the Great Depression by devaluing its currency. How did this act help the nation survive nearly unscathed?

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02-04-2015
History

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Japan was able to prevent slipping into the mire of the Great Depression by devaluing its currency. How did this act help the nation survive nearly unscathed?

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HistoryGuy HistoryGuy · Answer 1 · 2015-04-02T14:57:38-04:00

HistoryGuy HistoryGuy

02-04-2015

When a nation takes the step of devaluing its currency, it is making its exports less expensive in the world market, meaning they're more competitive, and draw money away from countries with higher prices.

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kerrymiller65567 kerrymiller65567 · Answer 2 · 2019-11-13T08:31:59-05:00

kerrymiller65567 kerrymiller65567

13-11-2019

Answer:

(C) This made Japanese products easier to sell on foreign markets.

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