Author: Austin Dean
Publisher: Cornell University Press
ISBN: 1501752421
Category : History
Languages : en
Pages : 264
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Book Description
In the late nineteenth century, as much of the world adopted some variant of the gold standard, China remained the most populous country still using silver. Yet China had no unified national currency; there was not one monetary standard but many. Silver coins circulated alongside chunks of silver and every transaction became an "encounter of wits." China and the End of Global Silver, 1873–1937 focuses on how officials, policy makers, bankers, merchants, academics, and journalists in China and around the world answered a simple question: how should China change its monetary system? Far from a narrow, technical issue, Chinese monetary reform is a dramatic story full of political revolutions, economic depressions, chance, and contingency. As different governments in China attempted to create a unified monetary standard in the late nineteenth and early twentieth century, the United States, England, and Japan tried to shape the direction of Chinese monetary reform for their own benefit. Austin Dean argues convincingly that the Silver Era in world history ended owing to the interaction of imperial competition in East Asia and the state-building projects of different governments in China. When the Nationalist government of China went off the silver standard in 1935, it marked a key moment not just in Chinese history but in world history.
Author: William L. Silber
Publisher: Princeton University Press
ISBN: 0691208697
Category : Business & Economics
Languages : en
Pages : 360
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Book Description
"This is the story of silver's transformation from soft money during the nineteenth century to hard asset today, and how manipulations of the white metal by American president Franklin D. Roosevelt during the 1930s and by the richest man in the world, Texas oil baron Nelson Bunker Hunt, during the 1970s altered the course of American and world history. FDR pumped up the price of silver to help jump start the U.S. economy during the Great Depression, but this move weakened China, which was then on the silver standard, and facilitated Japan's rise to power before World War II. Bunker Hunt went on a silver-buying spree during the 1970s to protect himself against inflation and triggered a financial crisis that left him bankrupt. Silver has been the preferred shelter against government defaults, political instability, and inflation for most people in the world because it is cheaper than gold. The white metal has been the place to hide when conventional investments sour, but it has also seduced sophisticated investors throughout the ages like a siren. This book explains how powerful figures, up to and including Warren Buffett, have come under silver's thrall, and how its history guides economic and political decisions in the twenty-first century"--Publisher's description
Author:
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 668
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Book Description
Author: United States. Congress. Senate
Publisher:
ISBN:
Category : United States
Languages : en
Pages : 1186
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Book Description
Author: Martin Allen
Publisher: Cambridge University Press
ISBN: 1107379067
Category : History
Languages : en
Pages : 595
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Book Description
Money could be as essential to everyday life in medieval England as it is today, but who made the coinage, how was it used and why is it important? This definitive study charts the development of coin production from the small workshops of Anglo-Saxon and Norman England to the centralised factory mints of the late Middle Ages, the largest being in the Tower of London. Martin Allen investigates the working lives of the people employed in the mints in unprecedented detail and places the mints in the context of medieval England's commerce and government, showing the king's vital interest in the production of coinage, the maintenance of its quality and his mint revenue. This unique source of reference also offers the first full history of the official exchanges in the City of London regulating foreign exchange and an in-depth analysis of the changing size and composition of medieval England's coinage.
Author:
Publisher:
ISBN:
Category : China
Languages : en
Pages : 92
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Book Description
Author: Alvin Rabushka
Publisher: Princeton University Press
ISBN: 9780691133454
Category : Business & Economics
Languages : en
Pages : 976
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Book Description
This study describes, analyses and quantifies taxation in the 13 original American colonies, comparing tax systems and burdens among the colonies and with Great Britain. It shows how the colonists strove to minimize, avoid and evade taxation, and used tax incentives to foster settlement.
Author: Jeffrey Yi-Lin Forrest
Publisher: CRC Press
ISBN: 113802628X
Category : Business & Economics
Languages : en
Pages : 572
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Book Description
This book is devoted to a systems-theoretical presentation of the main results of applying the systemic yoyo model and relevant analytical tools to the topics of money and financial institutions. The author presents the main concepts and results of the subject matter in the language of systems science, which has in the past century prompted revolutionary applicati ons of systems research in various subfields of traditional disciplines. This volume applies a brand new logic of reasoning to some of the unsett led problems in the area of money and banking. Due to the particular systemic approach employed, the reader will be able to see how different economic activities are implicitly related to each other and how financial decisions are holistically made in reference to seemingly unrelated events. That is, the learning of this particular subject matter takes place at a different, more elevated level, from which, among others, economies are respectively seen as both closed and open systems; their interactions emulate those of rotational pools of fluids. This book can be used as a textbook for researchers and graduate students in economics, finance, systems science, and mathematical / systems modeling. It will also be useful as a reference book for applied economists and various policy makers.
Author: Arturo Giráldez
Publisher: Routledge
ISBN: 135191801X
Category : History
Languages : en
Pages : 271
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Book Description
The literature on early-modern monetary history is vast and rich, yet overly Eurocentric. This book takes a global approach. It calls attention to the fact that, for example, Japan and South America were dominant in silver production, while China was the principal end-market; key areas for transshipment included Europe and Africa, India and the Middle East. Europeans were often just middlemen. Other monetized substances - gold, copper and cowries - must also be viewed globally. The interrelated trades in metals and monies are what first linked worldwide markets, and disequilibrium within the silver market in the 16th and 17th centuries was an active cause of this global trade.
Author: Michael Smitka
Publisher: Taylor & Francis
ISBN: 0815327102
Category : Japan
Languages : en
Pages : 380
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Book Description
First Published in 1998. Routledge is an imprint of Taylor & Francis, an informa company.
