Flip to back Flip to front

Listen Playing... Paused You're listening to a sample of the Audible audio edition.
Learn more

See all 2 images

Follow the Author

Tomoko Shiroyama

China during the Great Depression: Market, State, and the World Economy, 1929-1937 (Harvard East Asian Monographs) Hardcover – March 1, 2008

by Tomoko Shiroyama (Author)

1 rating

See all formats and editions

Price

New from

Used from

Hardcover

"Please retry"

$920.99

$847.00

Hardcover, March 1, 2008

—

$36.50

Paperback, Illustrated

"Please retry"

$27.95

$23.55

The Great Depression was a global phenomenon: every economy linked to international financial and commodity markets suffered. The aim of this book is not merely to show that China could not escape the consequences of drastic declines in financial flows and trade but also to offer a new perspective for understanding modern Chinese history. The Great Depression was a watershed in modern China. China was the only country on the silver standard in an international monetary system dominated by the gold standard.

Fluctuations in international silver prices undermined China’s monetary system and destabilized its economy. In response to severe deflation, the state shifted its position toward the market from laissez faire to committed intervention. Establishing a new monetary system, with a different foreign-exchange standard, required deliberate government management; ultimately the process of economic recovery and monetary change politicized the entire Chinese economy. By analyzing the impact of the slump and the process of recovery, this book examines the transformation of state-market relations in light of the linkages between the Chinese and the world economy.

Print length

350 pages
Language

English
Publisher

Harvard University Asia Center
Publication date

March 1, 2008
Dimensions

6.25 x 1 x 9.25 inches
ISBN-10

0674028317
ISBN-13

978-0674028319
See all details

Special offers and product promotions

Amazon Business: Make the most of your Amazon Business account with exclusive tools and savings. Login now

Editorial Reviews

Review

This is the first readily accessible, comprehensive account of the impact of the 20th century's most serious economic crisis on Republican China, whose experience of the global downturn took a very singular path.
--R. P. Gardella (Choice 2008-08-01)

About the Author

Tomoko Shiroyama is Associate Professor of Economic History in the Graduate School of Economics, Hitotsubashi University.

Product details

Publisher ‏ : ‎ Harvard University Asia Center; First Edition (March 1, 2008)
Language ‏ : ‎ English
Hardcover ‏ : ‎ 350 pages
ISBN-10 ‏ : ‎ 0674028317
ISBN-13 ‏ : ‎ 978-0674028319
Item Weight ‏ : ‎ 1.4 pounds
Dimensions ‏ : ‎ 6.25 x 1 x 9.25 inches

Best Sellers Rank: #2,166,089 in Books (See Top 100 in Books)
- #1,156 in Regional Geography
- #4,704 in Chinese History (Books)
- #5,150 in Economic History (Books)

Customer Reviews:
1 rating

Customer reviews

5 star		100%
4 star 0% (0%)		0%
3 star 0% (0%)		0%
2 star 0% (0%)		0%
1 star 0% (0%)		0%

How are ratings calculated?

Top review from the United States

There was a problem filtering reviews right now. Please try again later.

100pcHonk

The Triumph of Nanking Decade

Reviewed in the United States on May 9, 2011

Tomoko's book is a valuable and sophisticated account of the China's currency reform in 1935. Tomoko enjoyed an immense benefit in drawing the Japanese source and data of Chinese economic situation in 1930s, which the Japanese regime accumulated in preparation to take over the country. Another interesting point is Tomoko implicitly confirmed the nationwide administrative power of Nanking government, which was previously believed to have direct control on no more than five provinces in the Eastern China. Facing a dim prospect of possible Japanese military threat, Nanking cannot achieve such a grand project of drawing all silver deposits over the country, some even in Japanese-controlled banks, to develop a foreign-currency reserve without a robust administrative capacity and international credibility. Tomoko here implied the personal effect of T.V.Soong in this reform. Without him, I would doubt British and American authorities would endorse such a risky project which could harm their relationship with Japan, especially Britain, which is eager to come to terms with Japanese to draw a line among their Asian real estates.

3 people found this helpful

Helpful