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The Ruble - A Political History (Hardcover)
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The Ruble - A Political History (Hardcover)
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A groundbreaking history of Russia, from empire to the Soviet era,
viewed through the lens of its money. Money seems passive, a silent
witness to the deeds and misdeeds of its holders, but through its
history intimate dramas and grand historical processes can be told.
So argues this sweeping narrative of the ruble's story from the
time of Catherine the Great to Lenin. The Russian ruble did not
enjoy a particularly reputable place among European currencies.
Across two hundred years, long periods of financial turmoil were
followed by energetic and pragmatic reforms that invariably ended
with another collapse. Why did a country with an industrializing
economy, solid private property rights, and (until 1918) a near
perfect reputation as a rock-solid repayer of its debts stick for
such a prolonged period with an inconvertible currency? Why did the
Russian gold standard differ from the European model? In answering
these questions, Ekaterina Pravilova argues that politics and
culture must be considered alongside economic factors. The history
of the Russian ruble offers an opportunity to explore the political
reasons behind the preservation of a supposedly backward financial
system and to show how politicians used monetary reforms to block
or enact political transformations. The Ruble is a history of
Russia written in the language of money. It shows how economists,
landowners, merchants, and peasants understood, perceived, and used
financial mechanisms. In her definitive account, Pravilova
interprets the well-known political events of the eighteenth to
early twentieth centuries—wars, attempts at constitutional
transformations, revolutions—through the ideas and politics of
currency reforms and offers a new history of Russia's imperial
expansion and collapse.
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