In 1868, when the Meiji emperor had his powers ‘restored’ by the political revolution that destroyed the old feudal system of the Tokugawa shoguns, Japan was a predominantly agricultural economy. By the time of the emperor's death in 1912 Japan had achieved significant industrialisation and in 1920, after a further boom during the First World War, she was well advanced along the road to a distinctive type of industrial development based on textile goods for export, heavy industry for domestic civilian and military capital investment, and considerable state intervention in economic and social organisation. In the mid 1880s, about 70% of the gainfully-employed population were engaged in agriculture, producing well over 40% of the gross national product. Farmers derived about three-quarters of their total income from agricultural activities, although agriculture probably absorbed only about 60% of total work hours for the labour force as a whole, with another 2% each for fishing and construction, and a further 16% or so for traditional mining and manufacturing. By 1920, the GDP of the Japanese economy had grown almost three-fold, but the share supplied by agriculture was under 30%, while just over 50% of workers were employed there.1.