Singapore was a free trading port for everyone in Singapore and from different countries. They will ship to the trading port to trade. People includes Europeans, Arabians etc. It made it easy for people to make a living in Singapore and made profits.
There was food rationing and black market. Before black market started, ration packs were distributed to people in Singapore. The big picture as the cover photo is an example of a ration card given to them. However, food supplies for the rations were lesser and lesser. The 'high class' food and basic necessities went into the black market. To get one item in the black market, a whole bag of rations have to trade or spending a big sum of earning to buy a item in the black market.
To sum up, people in Singapore experienced a sudden change in terms of financial stability. Before the Japanese Occupation, it was easy for people to get items they wanted through trading and was easy for them to make profits through their business, However during the Japanese Occupation, they had to either give up their entire bag of rations or spent and big amount of their earning for the items in black market.
*Sources about economy are attached to my individual log.
There was food rationing and black market. Before black market started, ration packs were distributed to people in Singapore. The big picture as the cover photo is an example of a ration card given to them. However, food supplies for the rations were lesser and lesser. The 'high class' food and basic necessities went into the black market. To get one item in the black market, a whole bag of rations have to trade or spending a big sum of earning to buy a item in the black market.
To sum up, people in Singapore experienced a sudden change in terms of financial stability. Before the Japanese Occupation, it was easy for people to get items they wanted through trading and was easy for them to make profits through their business, However during the Japanese Occupation, they had to either give up their entire bag of rations or spent and big amount of their earning for the items in black market.
*Sources about economy are attached to my individual log.