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Because it depended so heavily on foreign trade, Japan was hit hard by the Great Depression. From 1929 to 1931, the value of Japanese exports fell by 50 percent. World demand for luxeries such as Japanese silk declined. Many Japanese businesses were ruined. Moreover. industrial naitons places high tariffs on foreign goods to protect their own industries. As a result, Japanese manufacturers lost their foreign markest and unemployment in Japan climbed.

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Q: Why was japan hit so hard by the Great Depression?
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