China During the Great Depression : Market, State, and the World Economy, 1929-1937 / Tomoko Shiroyama.

Format:

Book

Author/Creator:

Shiroyama, Tomoko, 1965- author.

Series:

Harvard East Asian monographs ; 294.

Harvard University Asia Center E-Book Collection ISBN: 9789004407077.

Harvard East Asian Monographs ; 294

Harvard University Asia Center E-Book Collection

Language:

English

Subjects (All):

Depressions--1929--China.

Depressions.

Financial crises--China.

Financial crises.

Economic history.

China.

Physical Description:

1 online resource.

Other Title:

Market, State, and the World Economy, 1929-1937

Place of Publication:

Leiden; Boston : BRILL, 2008.

System Details:

text file

Summary:

The Great Depression was a global phenomenon: every economy linked to international financial and commodity markets suffered a serious slump. The aim of this book is not merely to show that China could not escape the consequences of drastic declines in financial flows and trade but also to offer a new perspective for understanding modern Chinese history. The Great Depression was, the author contends, a watershed in modern China.

China's experience merits special attention because China was the only country on the silver standard in an international monetary system dominated by the gold standard. Fluctuations in international silver prices undermined China's monetary system and destabilized its economy. When severe deflation struck the Chinese economy, economic institutions ceased to operate. In response, the state shifted its position toward the market from laissez-faire to committed intervention, a transformation that had a profound impact on Chinese politics and economics. Establishing a new monetary system, with a different foreign-exchange standard, required deliberate government management; ultimately the process of economic recovery and monetary change politicized the entire Chinese economy. By analyzing the impact of the slump and the process of recovery, this book examines the transformation of state-market relations in light of the linkages between the Chinese and the world economy.

Contents:

Preliminary Material

Introduction

The Silver Standard

The Coming of Industrialization

Companies in Debt

The Agrarian Depression

Businesses in a Slump

The Shanghai Financial Crisis, 1934-1935

Coping with the Crisis

Reaches and Limitations

Conclusion

Estimates of China's International Balance of Payments, Selected Years, 1903-28 (million yuan)

Notes

Bibliography

Character List

Index

Harvard East Asian Monographs.

Notes:

Description based on print version record.

Other Format:

Print version: China During the Great Depression: Market, State, and the World Economy, 1929-1937,

ISBN:

9781684174652

9780674036178

OCLC:

1001953864

Publisher Number:

10.1163/9781684174652 DOI

Access Restriction:

Restricted for use by site license.