This week, it’s time to talk backroom deals and business trickery, because we’re chronicling the rise of Mitsubishi and the rags to riches story of its founder Iwasaki Yataro.
Yamamura, Kozo. “The Founding of Mitsubishi: A Case Study in Japanese Business History” The Business History Review, Vol. 41, No. 2 (Summer, 1967), pp. 141-160
Wray, Willard. Mitsubishi and the N.Y.K, 1870-1914: Business Strategy in the Japanese Shipping Industry.
Shimizu, Hiroshi, and Seiichiro Yonekura, “Entrepreneurship in Pre-World War II Japan: The Role and Logic of the Zaibatsu.” in The Invention of Enterprise: Entrepreneurship from Ancient Mesopotamia to Modern Times.
2 thoughts on “Episode 316 – The Entrepreneur”
Why did Iwasaki start only taking Mexican silver dollars? Were pesos a universal hard currency in the 19th century? Why not dollars or pounds?
I’m not sure. I know the silver content in the Mexican pesos was extremely high which did make them a popular currency for the time — and that in the 1870s American money would still have been considered a bit suspect because America was still considered a mid rank power. Not sure why he wouldn’t take pounds, though.
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