Empire of Silver: A New Monetary History of China (Hardcover)

Empire of Silver: A New Monetary History of China Cover Image
By Jin Xu, Stacy Mosher (Translated by)
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Description


A thousand-year history of how China’s obsession with silver influenced the country’s financial well-being, global standing, and political stability

This revelatory account of the ways 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.
 
While China’s interest in silver spurred new avenues of trade and helped increase the country’s global economic footprint, Jin Xu argues that, in the long run, silver played a key role in the struggles and entanglements that led to the decline of the Chinese empire.

About the Author


Jin Xu is senior editor and chief financial commentator at the Financial Times Chinese. She has been a visiting fellow at the University of Tokyo and a Caijing Fellow at Peking University. She lives in Shanghai.


Product Details
ISBN: 9780300250046
ISBN-10: 0300250045
Publisher: Yale University Press
Publication Date: February 23rd, 2021
Pages: 384
Language: English

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