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Books > History > Asian / Middle Eastern history
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Empire of Silver - A New Monetary History of China (Hardcover)
Loot Price: R778
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Empire of Silver - A New Monetary History of China (Hardcover)
Expected to ship within 12 - 19 working days
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A thousand-year history of how China's obsession with silver
influenced the country's financial well-being, global standing, and
political stability "A wonderful book for understanding one
thousand years of Chinese monetary history."--Debin Ma,
Hitotsubashi University This revelatory account of the ways in
which silver shaped Chinese history shows how an obsession with
"white metal" held China back from financial modernization. First
used as currency during the Song dynasty in around 900 CE, silver
gradually became central to China's economic framework and was
officially monetized in the middle of the Ming dynasty during the
sixteenth century. However, due to the early adoption of paper
money in China, silver was not formed into coins but became a
cumbersome "weighing currency," for which ingots had to be
constantly examined for weight and purity-an unwieldy practice that
lasted for centuries. Jin Xu argues that even as China's interest
in silver spurred new avenues of trade and helped increase the
country's global economic footprint, in the long run silver played
a key role in the struggles and entanglements that led to the
decline of the Chinese empire.
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