The Japanese economic miracle refers to a period of economic growth in post–World War II Japan. It generally refers to the period from 1955, around which time the per capita gross national income of t
Although SCAP banned all military-related activities including research, such as aviation, their foundations survived and became the basis for the resurgence of Japan's heavy industries in the 1950s.
Consumer electronics shops in Tokyo in 1971: consumer electronics and cars became symbols of the Japanese middle class
Japanese coal- and metal-related industry experienced an annual growth rate of 25% in the 1960s, with the steel plant of Nippon Steel Corporation in Chiba Prefecture being a notable one.
Tokyo Tower and around Skyscrapers
In October 1973, the Organization of Arab Petroleum Exporting Countries announced that it was implementing a total oil embargo against countries that had supported Israel at any point during the 1973
Japanese economic miracle
…to the period from 1955, around which time the per capita gross national income of the country recovered to pre-war levels, and to the onset of the 1973 oil crisis. Before the war, Japan had achieved industrialisation from the second half of the 19th century, but light industry and agriculture remained the backbone…
A father and son hold up their sign saying "Gas Stealers Beware, we're loaded for bear" during the Oil Crisis
Gasoline ration stamps printed by the Bureau of Engraving and Printing in 1974, but not used
Gas stations abandoned during the crisis were sometimes used for other purposes. This station at Potlatch, Washington, was turned into a revival hall.
A woman in Oregon uses wood in a fireplace for heat. An October 1973 newspaper headline before her tells of the community's lack of heating oil.