After the Russo-Japanese War, Japan experienced a deep economic recession and it was not until the outbreak of WWI in 1914 that things improved because the European powers withdrew from the region leaving Japan in a monopoly position in the Asian market. Economic activity recovered by the export of munitions, iron products and medicines and there was an industrial resurgence in Japan. Okinawa also received the benefits of the upswing by exporting products such as sugar, the profits of which were so great the newly rich were called "Sugar Rich" at the time.
The economic boom during the First World War did not last forever. After WWI the European powers again advanced on the Asian market and Japan's exports plummeted. A domestic surplus of output caused a post-war depression. In Okinawa the price of sugar fell and a wave of depression washed over the islands.
In 1923 the Great Kanto Earthquake and the worldwide effects of the Great Depression caused a chronic economic downturn known as the "Showa Depression" in Japan and this seriously affected the lives of Okinawans as well.
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Old-style Sugar Manufacture
Sotetsu (Cycad Palm)
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