Glimpses of Seventeenth Century Currency and Mensuration in Siam
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The History of the Yen Bloc Before the Second World War
@.PPO8PPTJL ࢎҮ 1.ಕ BOZQSJOUJOH QNBD ȇ ȇ Destined to Fail? The History of the Yen Bloc before the Second World War Woosik Moon The formation of yen bloc did not result in the economic and monetary integration of East Asian economies. Rather it led to the increasing disintegration of East Asian economies. Compared to Japan, Asian regions and countries had to suffer from higher inflation. In fact, the farther the countries were away from Japan, the more their central banks had to print the money and the higher their inflations were. Moreover, the income gap between Japan and other Asian countries widened. It means that the regionalization centered on Japanese yen was destined to fail, suggesting that the Co-prosperity Area was nothing but a strategy of regional dominance, not of regional cooperation. The impact was quite long lasting because it still haunts East Asian countries, contributing to the nourishment of their distrust vis-à-vis Japan, and throws a shadow on the recent monetary and financial cooperation movements in East Asia. This experience highlights the importance of responsible actions on the part of leading countries to boost regional solidarity and cohesion for the viability and sustainability of regional monetary system. 1. Introduction There is now a growing literature that argues for closer monetary and financial cooperation in East Asia, reflecting rising economic and political interdependence between countries in the region. If such a cooperation happens, leading countries should assume corresponding responsibilities. For, the viability of the system depends on their responsible actions to boost regional solidarity and cohesion. -
A Chinese Opinion on Leprosy, Being a Tpanslation of A
A CHINESE OPINION ON LEPROSY, BEINGA TPANSLATIONOF A CHAPTERFROM THE MEDICALSTANDARD-WORK Imperial edition of the Golden Mirror for the medical class1) BY B. A. J. VAN WETTUM. ' LEPROSY. Leprosy always takes its origin from pestilential miasms. Its causes are three in number, and five injurious forms are distinguished. Also five forms with mortification of some part, which make it a most loathsome disease. By self-restraint in the first stage of his illness, the patient may perhaps preserve his COMMENTARY. The ancient name of this disease was - (pestilential "wind") This", JI, means "wind with poison in it". 1) First chapter of the 87tb volume. It was published in the 7th year of the reign of K'ien-Lung,A.D. 1742. According to Wylie, it is one of the best works of moderntimes for general medicalinformation. (A Wylie, Notes on Chineseliterature, pag. 82). It bas a 2) The. above forms the text of the essay. the shape of $ (rhyme) and consistsof four lines each of seven words. In the arrangementof these, not much care is taken with to and regard 2fi: fà (rhytm) flfi (rhyme). 3) The true meaningof the character as occurringin the present essay,is not 257 The Canon 4) says: "this If. means that the blood and the vital ' ' fluid are hot and spoiled". The vital fluid is no longer pure. That is the reason why the nosebone gets injured, the color of the face destroyed and the skin is covered with boils and sores. A poisonous wind has stationed itself in the veins and does not go away. -
Making the Palace Machine Work Palace Machine the Making
11 ASIAN HISTORY Siebert, (eds) & Ko Chen Making the Machine Palace Work Edited by Martina Siebert, Kai Jun Chen, and Dorothy Ko Making the Palace Machine Work Mobilizing People, Objects, and Nature in the Qing Empire Making the Palace Machine Work Asian History The aim of the series is to offer a forum for writers of monographs and occasionally anthologies on Asian history. The series focuses on cultural and historical studies of politics and intellectual ideas and crosscuts the disciplines of history, political science, sociology and cultural studies. Series Editor Hans Hågerdal, Linnaeus University, Sweden Editorial Board Roger Greatrex, Lund University David Henley, Leiden University Ariel Lopez, University of the Philippines Angela Schottenhammer, University of Salzburg Deborah Sutton, Lancaster University Making the Palace Machine Work Mobilizing People, Objects, and Nature in the Qing Empire Edited by Martina Siebert, Kai Jun Chen, and Dorothy Ko Amsterdam University Press Cover illustration: Artful adaptation of a section of the 1750 Complete Map of Beijing of the Qianlong Era (Qianlong Beijing quantu 乾隆北京全圖) showing the Imperial Household Department by Martina Siebert based on the digital copy from the Digital Silk Road project (http://dsr.nii.ac.jp/toyobunko/II-11-D-802, vol. 8, leaf 7) Cover design: Coördesign, Leiden Lay-out: Crius Group, Hulshout isbn 978 94 6372 035 9 e-isbn 978 90 4855 322 8 (pdf) doi 10.5117/9789463720359 nur 692 Creative Commons License CC BY NC ND (http://creativecommons.org/licenses/by-nc-nd/3.0) The authors / Amsterdam University Press B.V., Amsterdam 2021 Some rights reserved. Without limiting the rights under copyright reserved above, any part of this book may be reproduced, stored in or introduced into a retrieval system, or transmitted, in any form or by any means (electronic, mechanical, photocopying, recording or otherwise). -
Arresting Flows, Minting Coins, and Exerting Authority in Early Twentieth-Century Kham
Victorianizing Guangxu: Arresting Flows, Minting Coins, and Exerting Authority in Early Twentieth-Century Kham Scott Relyea, Appalachian State University Abstract In the late Qing and early Republican eras, eastern Tibet (Kham) was a borderland on the cusp of political and economic change. Straddling Sichuan Province and central Tibet, it was coveted by both Chengdu and Lhasa. Informed by an absolutist conception of territorial sovereignty, Sichuan officials sought to exert exclusive authority in Kham by severing its inhabitants from regional and local influence. The resulting efforts to arrest the flow of rupees from British India and the flow of cultural identity entwined with Buddhism from Lhasa were grounded in two misperceptions: that Khampa opposition to Chinese rule was external, fostered solely by local monasteries as conduits of Lhasa’s spiritual authority, and that Sichuan could arrest such influence, the absence of which would legitimize both exclusive authority in Kham and regional assertions of sovereignty. The intersection of these misperceptions with the significance of Buddhism in Khampa identity determined the success of Sichuan’s policies and the focus of this article, the minting and circulation of the first and only Qing coin emblazoned with an image of the emperor. It was a flawed axiom of state and nation builders throughout the world that severing local cultural or spiritual influence was possible—or even necessary—to effect a borderland’s incorporation. Keywords: Sichuan, southwest China, Tibet, currency, Indian rupee, territorial sovereignty, Qing borderlands On December 24, 1904, after an arduous fourteen-week journey along the southern road linking Chengdu with Lhasa, recently appointed assistant amban (Imperial Resident) to Tibet Fengquan reached Batang, a lush green valley at the western edge of Sichuan on the province’s border with central Tibet. -
The Currency Conversion in Postwar Taiwan: Gold Standard from 1949 to 1950 Shih-Hui Li1
The Kyoto Economic Review 74(2): 191–203 (December 2005) The Currency Conversion in Postwar Taiwan: Gold Standard from 1949 to 1950 Shih-hui Li1 1Graduate School of Economics, Kyoto University. E-mail: [email protected] The discourses on Taiwanese successful currency reform in postwar period usually put emphasis on the actors of the U.S. economic aids. However, the objective of this research is to re-examine Taiwanese currency reform experiences from the vantage- point of the gold standard during 1949–50. When Kuomintang (KMT) government decided to undertake the currency conversion on June 15, 1949, it was unaided. The inflation was so severe that the KMT government must have used all the resources to finish the inflation immediately and to restore the public confidence in new currency as well as in the government itself. Under such circumstances, the KMT government established a full gold standard based on the gold reserve which the KMT government brought from mainland China in 1949. This research would like to investigate what role the gold standard played during the process of the currency conversion. Where this gold reserve was from? And how much the gold reserve possessed by the KMT government during this period of time? Trying to answer these questions, the research investigates three sources of data: achieves of the KMT government in the period of mainland China, the official re- ports of the KMT government in Taiwan, and the statistics gathered from international organizations. Although the success of Taiwanese currency reform was mostly from the help of U.S. -
The Changing Significance of Latin American Silver in the Chinese Economy, 16Th–19Th Centuries
THE CHANGING SIGNIFICANCE OF LATIN AMERICAN SILVER IN THE CHINESE ECONOMY, 16TH–19TH CENTURIES RICHARD VON GLAHN University of Californiaa ABSTRACT The important role of Chinese demand for silver in stimulating world- wide silver-mining and shaping the first truly global trading system has become commonly recognised in the world history scholarship. The com- mercial dynamism of China during the 16th-19th centuries was integrally related to the importation of foreign silver, initially from Japan but princi- pally from Latin America. Yet the significance of imports of Latin American silver for the Chinese economy changed substantially over these three centuries in tandem with the rhythms of China’s domestic economy as well as the global trading system. This article traces these changes, including the adoption of a new standard money of account— the yuan—derived from the Spanish silver peso coin. Keywords: silver, money supply, peso, coinage, international trade JEL Code: N15, N16 RESUMEN El importante papel de la demanda china de plata para estimular la extracción de plata en todo el mundo y dar forma al primer sistema de comercio verdaderamente global se ha reconocido comúnmente por los a University of California, Los Angeles, History. [email protected] Revista de Historia Económica, Journal of Iberian and Latin American Economic History 553 Vol. 38, No. 3: 553–585. doi:10.1017/S0212610919000193 © Instituto Figuerola, Universidad Carlos III de Madrid, 2019. This is an Open Access article, distributed under the terms of the Creative Commons Attribution licence (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted reuse, distribution, and reproduction in any medium, provided the original work is properly cited. -
CAST COINAGE of the MING REBELS John E. Sandrock
CAST COINAGE OF THE MING REBELS John E. Sandrock Collecting China's ancient coins can be a very worthwhile and rewarding experience. While at first glance this endeavor may appear overwhelming to the average Westerner, it is in reality not difficult once you master a few guidelines and get the hang of it. Essential to a good foundation of knowledge is a clear understanding of the chronology of dynasties, the evolution of the cash coin from ancient to modern times, the Chinese system of dating, the Nien Hao which identifies the coin to emperor and thus to dynasty, and the various forms of writing (calligraphy) used to form the standard characters. Once this basic framework is mastered, almost all Chinese coins fall into one dynastic category or another, facilitating identification and collection. Some do not, however, which brings us to the subject at hand. The coins of the Ming Rebels defy this pattern, as they fall between two dynasties, overlapping both. Thus they do not fit nicely into one category or another and consequently must be treated separately. To put this into historical perspective it is necessary to know that the Ming dynasty lasted from 1368 to the year 1644 and that its successor, the Ch'ing dynasty, existed from 1644 to its overthrow in 1911. Therefore our focus is on the final days of the Ming and beginning of the Ch'ing dynasties. The Ming era was a period of remarkable accomplishment. This was a period when the arts and craftsmanship flourished. Administration and learning soared to new heights. -
Matsuoka, Koji Citation Kyoto University Economic Review (1936)
Title CHINA'S CURRENCY REFORM AND ITS SIGNIFICANCE Author(s) Matsuoka, Koji Citation Kyoto University Economic Review (1936), 11(1): 75-98 Issue Date 1936-07 URL https://doi.org/10.11179/ker1926.11.75 Right Type Departmental Bulletin Paper Textversion publisher Kyoto University 1, Kyoto University Economic Revie-w MEMOIRS OF THE DEPARTMENT OF ECONOMICS IN THE IMPERIAL UNIVERSITY OF KYOTO VOLUME XI 1936 PUBLISHED BY THE DEl'ART)IENT 011' ECONOMIC; IN THE IMPKRIAL UNIVERSITY 011' KYOTO ... ~--.' -~-~,-----.,. ---------_. -'--' " .. ~- ._ .. _--_._ .•.. _-- --------_.-._---_.. _-- CHINA'S CURRENCY REFORM AND ITS SIGNIFICANCE I. INTRODUCTION China, after the commencement of the twentieth century, endeavoured to effect a currency reform, especially through discussions on the problems of treaties, foreign trade and indemnities, but failed to realize its object. The phenomenal rise of the price of silver during the World War seemed to offer an excellent opportunity for effecting this reform, but the opportunity was allowed to slip away. It was in 1929 that Dr. E. W. Kemmerer proposed a currency reform in his .. Project of Law for the Gradual Introduction of a Gold Standard Currency System in China ". After this, the cur rency reform question was neglected for a time, in the midst of the .prevailing world depression, especially that which has corne from the collapse of the gold standard system in many countries. The policy of the United States to purchase silver, put into effect since 1934, has caused the most obvious out flow of silver from China, to the consternation of tbe opti mistic silver men who had never dreamed of such a conse quence, and has thereby intensified the depression of Chinese economy :md given rise to the present currency reform, which may be regarded as a life buoy thrown at Chinese economy adrift in the sea of economic crisis, or as the cul mination of a long-drawn struggle for bringing about the desired currency reform ever since the end of the last cen tury, especially since 1902. -
Chinese Postage Stamps by Clifford M
http://e-asia.uoregon.edu CHINESE POSTAGE STAMPS BY CLIFFORD M. DRURY THE CHINA JOURNAL OF SCIENCE & ARTS Vol. III, No. 10 (October, 1925), pp. 530-535 CHINESE POSTAGE STAMPS BY CLIFFORD M. DRURY Those who are desirous of making collections of old Chinese curios and documents of historical interest can afford to turn their attention to Chinese postage stamps. During recent years there has been a great deal of interest displayed in the realm of philately. Among the ardent stamp collectors of today can he found no less a personage than the King of England himself. He is said to have one of the world’s finest collections. The resident in China, and especially the resident in Shanghai, has an unparalleled opportunity to build up a collection of Chinese stamps. In Shanghai there are a dozen or so Chinese and foreign dealers who have more or less complete stocks. The Philatelic Society of Shanghai frequently conducts stamp auctions. In addition to these there are a few public stamp auctions held each year. Sometimes as much as Tls. 15,000.00 worth of stamps are sold at such an auction. There is real sport in the pursuance of this study. The postal system of China goes far back into antiquity. The Chinese Postal Department, of today declares that the first Government posts were established during the Chou dynasty (1122-255 B.C.). Only government messages were then carried. In about the year 1402 A.D. this postal system was extended to include private messages. In recent times the postal system of China came under the control of powerful letter hongs which seem to have given very faithful service. -
From Chinese Silver Ingots to the Yuan
From Chinese Silver Ingots to the Yuan With the ascent of the Qing Dynasty in 1644, China's modern age began. This epoch brought foreign hegemony in a double sense: On the one hand the Qing emperors were not Chinese, but belonged to the Manchu people. On the other hand western colonial powers began to influence politics and trade in the Chinese Empire more and more. The colonial era brought a disruption of the Chinese currency history that had hitherto shown a remarkable continuity. Soon, the Chinese money supply was dominated by foreign coins. This was a big change in a country that had used simple copper coins only for more than two thousand years. 1 von 11 www.sunflower.ch Chinese Empire, Qing Dynasty, Sycee Zhong-ding (Boat Shape), Value 10 Tael, 19th Century Denomination: Sycee 10 Tael Mint Authority: Qing Dynasty Mint: Undefined Year of Issue: 1800 Weight (g): 374 Diameter (mm): 68.0 Material: Silver Owner: Sunflower Foundation A major characteristic of Chinese currency history is the almost complete absence of precious metals. Copper coins dominated monetary circulation for more than 2000 years. Paper money was invented at an early stage - primarily because the coppers were too unpractical for large transactions. The people's confidence in paper money was limited, however. Hence silver became a common standard of value, primarily in the form of ingots. The use of ingots as means of payment dates back 2000 years. However, because silver ingots were smelted now and again, old specimens are very rare. This silver ingot in the shape of a boat – Yuan Bao in Chinese – dates from the Qing dynasty (1644-1911). -
The Circulation of Foreign Silver Coins in Southern Coastal Provinces of China 1790-1890
The Circulation of Foreign Silver Coins in Southern Coastal Provinces of China 1790-1890 GONG Yibing A Thesis Submitted in Partial Fulfillment of the Requirements for the Degree of Master of Philosophy in History •The Chinese University of Hong Kong August 2006 The Chinese University of Hong Kong holds the copyright of this thesis. Any person(s) intending to use a part or whole of the materials in the thesis in a proposed publication must seek copyright release from the Dean of the Graduate School. /y統系位書口 N^� pN 0 fs ?jlj ^^university/M \3V\ubrary SYSTEM^^ Thesis/Assessment Committee Professor David Faure (Chair) Professor So Kee Long (Thesis Supervisor) Professor Cheung Sui Wai (Committee Member) 論文評審委員會 科大衛教授(主席) 蘇基朗教授(論文導師) 張瑞威教授(委員) ABSTRACT This is a study of the monetary history of the Qing dynasty, with its particular attentions on the history of foreign silver coins in the southern coastal provinces, or, Fujian, Guangdong, Jiangsu and Zhejiang, from 1790 to 1890. This study is concerned with the influx of foreign silver coins, the spread of their circulation in the Chinese territory, their fulfillment of the monetary functions, and the circulation patterns of the currency in different provinces. China, as a nation, had neither an integrated economy nor a uniform monetary system. When dealing with the Chinese monetary system in whatever temporal or spatial contexts, the regional variations should always be kept in mind. The structure of individual regional monetary market is closely related to the distinct regional demand for metallic currencies, the features of regional economies, the attitudes of local governments toward certain kinds of currencies, the proclivities of local people to metallic money of certain conditions, etc. -
Oxford University Press. No Part of This Book May Be Distributed, Posted, Or
xix Gaining Currency xx 1 CHAPTER 1 A Historical Prologue At the end of the day’s journey, you reach a considerable town named Pau- ghin. The inhabitants worship idols, burn their dead, use paper money, and are the subjects of the grand khan. The Travels of Marco Polo the Venetian, Marco Polo uch was the strange behavior of the denizens of China in the Sthirteenth century, as narrated by Marco Polo. Clearly, using paper money was a distinguishing characteristic of the peoples the famed itinerant encountered during his extensive travels in China, one the explorer equated with what Europeans would have regarded as pagan rituals. Indeed, the notion of using paper money was cause for wonderment among Europeans at the time and for centuries thereafter; paper money came into use in Europe only during the seventeenth century, long after its advent in China. That China pioneered the use of paper money is only logical since paper itself was invented there during the Han dynasty (206 BC– 220 AD). Cai Lun, a eunuch who entered the service of the imperial palace and eventually rose to the rank of chief eunuch, is credited with the invention around the year 105 AD. Some sources indicate that paper had been invented earlier in the Han dynasty, but Cai Lun’s achievement was the development of a technique that made the mass production of paper possible. This discovery was not the only paper- making accomplishment to come out of China; woodblock printing and, subsequently, 2 movable type that facilitated typography and predated the Gutenberg printing press by about four centuries can also be traced back there.