the First Japanese automobile company. Protectionist tendencies

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According to dominating then in Japan practice of Toyoda then has joined one of old dzajbatsu, having kept thus independence. In 1907 ' Mitsui ' has agreed to finance partially enterprise creation ' Toyoda lum ' provided that Toyoda in turn becomes the client ' to Mitsui benk '. The agreement has appeared effective, and two decades later the company ' Toyota lum ' has been transformed to firm ' by Toyoda otometik lum uorks ', the centre new dzajbatsu into which sphere of influence entered mechanical engineering, industrial materials, the real estate, and also the various enterprises of other branches of an economy.

It was quite natural to expect that Sakiti Toyoda will try to create dzajbatsu, but on its decision to become on a way of a diversification of the enterprise activity, undoubtedly, the general recession in the market of textile cars has in addition affected. This recession and the protectionist tendencies which have extended all over the world have forced Toyodu to search for new fields of activity.

In 1929 it has undertaken one of the major steps to the career, having transferred to English machine-building firm ' Plett brazer ' rights of use of several patents in exchange for annual compensation approximately in 500 thousand dollars which have allowed it to start building of the automobile enterprise. Next year Toyoda has died, but has had time to state in the will to the son the will: ' Your father has stood the country in good stead manufacture of spinning cars and weaving looms; your debt, Kiitiro to serve the country as manufacture of cars '.