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Once the KMT gained control of
Taiwan they redistributed the land and launched a program of rehabilitation and
industrialization. This period was responsible for the nationalization of many
businesses formerly owned by the Japanese and the start of industrial production
in Taiwan marked by a shift away from agriculture to industry. During the early
period of industrialization Taiwan tried to create domestic markets for its
goods. During the period from 1960 to 1973 Taiwan pursued export expansion in
the area of industrial goods. During this period U.S. aid directed at Taiwan
declined as did the islands geopolitical significance...
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