Final answer:
During the Tokugawa period, Japan limited trade due to isolation, but during the Meiji Restoration, Japan's economy expanded trade with Western nations. Before the Meiji era, Japan's economy was based on agriculture. Economic declines occurred during the Great Depression and World War II.
Step-by-step explanation:
During the Tokugawa period (1603-1868), Japan had limited trade with other nations because of its policy of isolation, known as sakoku. This policy was implemented to maintain political stability and limit foreign influence on Japanese society. However, during the Meiji Restoration in the late 19th century, Japan's economy underwent significant changes and opened up to the world, expanding trade with Western nations.
Before the Meiji Restoration, Japan's economy was primarily based on agriculture and did not have significant trade relations with other countries. Agricultural activities such as rice cultivation and silk production were the main sources of income.
Japan's economy suffered economic declines during the Great Depression in the 1930s and also during and after World War II. These events severely impacted Japan's industrial infrastructure and caused economic hardships for the country.
Learn more about Japan's economy during different periods