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China Upside Down - Currency, Society, and Ideologies, 1808-1856 (Hardcover)
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China Upside Down - Currency, Society, and Ideologies, 1808-1856 (Hardcover)
Series: Harvard East Asian Monographs
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Many scholars have noted the role of China's demand for silver in
the emergence of the modern world. This book discusses the
interaction of this demand and the early-nineteenth-century Latin
American independence movements, changes in the world economy, the
resulting disruptions in the Qing dynasty, and the transformation
from the High Qing to modern China. Man-houng Lin shows how the
disruption in the world's silver supply caused by the turmoil in
Latin America and subsequent changes in global markets led to the
massive outflow of silver from China and the crisis of the Qing
empire. During the first stage of this dynastic crisis, traditional
ideas favoring plural centers of power became more popular than
they ever had been. As the crisis developed, however, statist ideas
came to the fore. Even though the Qing survived with the resumption
of the influx of Latin American silver, its status relative to
Japan in the East Asian order slipped. The statist inclination,
although moderated to a degree in the modern period, is still
ascendant in China today. These changes--Qing China's
near-collapse, the beginning of its eclipse by Japan in the East
Asian order, and shifting notions of the proper relationship
between state and market and between state and society--led to
"China upside down."
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