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Yokohama Port was opened in 1859 and began exporting raw silk and silkworms. Producing districts such as Gunma collected raw silk and silkworms in accordance with information from Yokohama, but this information gained from foreign ships was a month out of date and not a few merchants failed in dealings and were ruined. In 1870, France, one of the biggest importers of raw silk and silkworms went to war against Prussia. French textile manufacturers were hit hard by the war and sometimes large quantities of raw silk and silkworms were left unsold.Once submarine cables from Europe reached Japan via Vladivostok, news about Europe arrived in Yokohama in just ten days. Since then the telegraph has played a major role in stock dealings and collecting market information. | ||
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