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China during the Great Depression : market, state, and the world economy, 1929-1937 / Tomoko Shiroyama.

Lippincott Library HB3717 1929 .S544 2008
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Lippincott Library HB3717 1929 .S544 2008
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Format:
Book
Author/Creator:
Shiroyama, Tomoko, 1965-
Series:
Harvard East Asian monographs ; 294.
Harvard East Asian monographs ; 294
Language:
English
Subjects (All):
Depressions--1929--China.
Depressions.
Financial crises--China.
Financial crises.
China--Economic conditions--1912-1949.
China.
Economic conditions.
Physical Description:
xvi, 325 pages : illustrations ; 24 cm.
Place of Publication:
Cambridge, Mass. : Harvard University Asia Center : Distributed by Harvard University Press, [2008]
Contents:
China on the Silver Standard: Influences of the International Monetary System 3
Mass Expectations and the Financial Crisis 4
Market and State and the Monetary System 6
Linkages Between China and the World Economy: The Two Crises and Beyond 10
Part I The Years of Inflation and Laissezfaire: Economic Trends Prior to 1931
1 The Silver Standard: China in the International
Monetary System 15
China's Silver Standard 15
Silver as a Currency or a Commodity 24
Banks as Silver Traders: Parity and the Market Exchange Rate 27
The Price of Silver and Its Impact on China's Money Supply 29
2 The Coming of Industrialization: The Textile Industry in the Lower Yangzi Delta 37
The Cotton-Spinning Industry 42
The Silk-Reeling Industry 51
3 Companies in Debt: The Capital Accumulation Problem 60
Capital Accumulation: The Initial Problem for Entrepreneurs 62
Searching for Loans and the Terms of Contracts 67
Debt and the Management of Companies 78
Part II The Depression Years, 1931-1937: The Transformation of Economics and Politics
4 The Agrarian Depression 91
The Decline in Agricultural Prices 92
The Terms of Trade for Rural Areas 94
The Fall of Rural Financial Institutions 103
The Collapse of Rural Villages: An Urban Problem 111
5 Businesses in a Slump 114
The Silk-Reeling Industry 114
The Cotton-Spinning Industry 124
6 The Shanghai Financial Crisis, 1934-1935 140
The Illusion of Urban Prosperity: From October 1929 to August 1931 141
Banks' Delayed Liquidation: From September 1931 to June 1934 148
The Shanghai Financial Crisis: From June 1934 to November 1935 153
7 Coping with the Crisis: The Currency Reform of November 1935 168
The Diplomatic Background to Currency Reform 170
The Currency Reform of November 4, 1935 183
Recovery from the Great Depression 195
8 Reaches and Limitations: Economic Policies and the Nationalist Government Reconsidered 200
The Recovery of the Silk-Reeling Industry 201
The Recovery of the Cotton-Spinning Industry 207
The Rehabilitation of Rural Finance 216
The Silver Standard and Chinese Industrialization 229
The Political Economy of the Monetary System 231
The Chinese State and the World Economy 236
Appendix Estimates of China's International Balance of Payments 241.
Notes:
Includes bibliographical references (pages 289-312) and index.
ISBN:
9780674028319
0674028317
OCLC:
159822549

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