Trade across the Pacific will be one of the dominant forces in the economy of the next century. This collection reflects the birth of Pacific Rim history, until recently largely neglected. It addresses the development of the Pacific Rim over four centuries, combining broad historical syntheses with a range of essays on specific topics, from trade with Hong Kong to British overseas banking. It will form a major contribution to this rapidly expanding new field.

eBook available with sample pages: 0203065352

Starting with the 16th century trade of Latin American silver and Chinese silk, leading researchers trace the economic, environmental and social history of the Pacific region. Chapters examine the trade of diverse commodities within the Pacific and analyse the ecological and social impacts of this increasing economic activity. The strong Chinese marketplace emerges as crucial to early Pacific development, and is compared with Japan's central role in the region's modern economy.

This title was first published in 2002.In recent years scholars have begun to conceptualize the history of the Pacific Ocean as a subset of world history. This question is taken up in the introductory chapter of this volume, which sets out four periods of modern Pacific history: a silver period, 1570s-1750; a period of early integration, 1750-1850; a gold period, 1850-c.1900; and a period of imperial strategies after the gold rushes. The next chapter looks at the fur trade of the Pacific coast of America, and its dependence on markets in China and Russia, followed by a set which focus on the era of the gold rushes, in California, Australia and New Zealand, when the pace of Pacific integration grew rapidly and new markets opened across the ocean. The last chapters examine aspects of the subsequent evolution of the Pacific Ocean into an 'American lake', looking in particular at the interlocking of politics and migration. This volume carries forward study of the 'Pacific Centuries', promoting the conceptualization of the Pacific Ocean as a coherent unit of analysis, and providing further important steps toward provision of the multi-century framework that is required for proper understanding of today's 'Pacific Century'.

Trade across the Pacific will be one of the dominant forces in the economy of the next century. This collection reflects the birth of Pacific Rim history, until recently largely neglected. It addresses the development of the Pacific Rim over four centuries, combining broad historical syntheses with a range of essays on specific topics, from trade with Hong Kong to British overseas banking. It will form a major contribution to this rapidly expanding new field.

The literature on early-modern monetary history is vast and rich, yet overly Eurocentric. This book takes a global approach. It calls attention to the fact that, for example, Japan and South America were dominant in silver production, while China was the principal end-market; key areas for transshipment included Europe and Africa, India and the Middle East. Europeans were often just middlemen. Other monetized substances - gold, copper and cowries - must also be viewed globally. The interrelated trades in metals and monies are what first linked worldwide markets, and disequilibrium within the silver market in the 16th and 17th centuries was an active cause of this global trade.

This collection reflects the evolution of a revisionist argument. The price revolution was indeed a monetary phenomenon, but Professor Flynn's position is not based upon mainstream monetary theory. Silver mines financed the Spanish Empire and Japan's consolidation. Ming China was the world's primary silver customer; Europeans acted as middlemen globally, including massive trade over the Pacific via Manila. American mines nearly led to the destruction of nascent capitalism in Europe (reverse of arguments by Hamilton, Keynes, Wallerstein and others). Silver-market disequilibrium caused silver's gravitation toward China; bullion did not flow to Asia due to European trade deficits. Such conclusions stem from application of the Doherty-Flynn model developed in the mid-1980s. Economic theory is normally applied to economic history; in contrast, development of the Doherty-Flynn model was a response to inadequate conventional theory. Theory emerged from history; its application back to history yields startling historical reinterpretations.

The increasing importance of the Pacific and Pacific Rim within the global economy places us on the brink of a Pacific Century. While many hold that the concept of a Pacific region has only emerged in the 20th century, this work demonstrates that such an economic region has existed for almost five hundred years. Starting with the 16th-century trade of Latin American silver for Chinese silk, researchers trace the economic, environmental and social history of the Pacific region. Chapters examine the trade of diverse commodities within the Pacific and analyze the ecological and social impacts of this increasing economic activity. The strong Chinese marketplace emerges as crucial to early Pacific development, and is compared with Japan's central role in the region's modern economy. This book contributes to the understanding of a dynamic economic region. The study also advances research into the economic histories of South and South East Asia, Australia and America, situating them within the wider Pacific context.

World history conventionally ignores or underestimates the importance of Manila, the Manila galleons, and the Philippines as key stages in the development of trans-Pacific contact and of the world economy. Essays in this volume discuss Philippine-Asian exchanges prior to the entry of Europeans, and then look at European influences and the impact of Magellan's voyage, and the emergence of Manila as one of global trade's crucial linchpins during four centuries. Linkages between Latin America and China, and Spanish-Japanese competition for the Chinese marketplace are important topics. Tensions and cooperation among Chinese, Japanese, Iberians, Africans, Christians, Muslims and others on Philippine soil are also covered. This volume suggests the need for thorough re-evaluation of the Philippines' central role in terms of both Pacific history and global history as perhaps the single most important stage in the traffic that linked China and Latin America.