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  5. Takahashi Korekiyo

Births on July 27

Takahashi Korekiyo
1854Jul, 27

Takahashi Korekiyo

Takahashi Korekiyo, Japanese accountant and politician, 20th Prime Minister of Japan (d. 1936)
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 Prime Minister of Japan from 1921 to 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 assassinated him in February 1936. Takahashi's policies are credited for pulling Japan out of the Depression, but led to soaring inflation following his assassination, as Takahashi's successors became highly reluctant to cut off funding to the government.

References

  • Takahashi Korekiyo
  • Prime Minister of Japan

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Events on 1854

  • 31Mar

    Convention of Kanagawa

    Commodore Matthew Perry signs the Convention of Kanagawa with the Tokugawa Shogunate, opening the ports of Shimoda and Hakodate to American trade.
  • 1Apr

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    Charles Dickens' novel Hard Times begins serialisation in his magazine Household Words.
  • 19Aug

    Grattan massacre

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  • 27Sep

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    The steamship SS Arctic sinks with 300 people on board. This marks the first great disaster in the Atlantic Ocean.
  • 9Oct

    Siege of Sevastopol (1854-55)

    Crimean War: The siege of Sebastopol begins.

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