Zaibatsu | Conglomerates, Family Firms, Monopolies | Britannica
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Zaibatsu, (Japanese: “wealthy clique”), any of the large capitalist enterprises of Japan before World War II, similar to cartels or trusts but usually organized around a single family. One zaibatsu might operate companies in nearly all important areas of economic activity. The Mitsui combine, for
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The original was posted on /r/todayilearned by /u/WALLSTREETBRIDE on 2025-06-21 00:12:03+00:00.

Original Title: TIL that Japan’s rapid industrialization was driven by massive family-owned conglomerates called “zaibatsu,” which were so powerful they were essentially dismantled by the Allies after WWII to democratize the nation.