Money in Asia examines two chronic problems that faced early modern monetary economies in East, South, and Southeast Asia: The inability to provide sufficient amounts of small currencies to facilitate local economic transactions and to control currency depreciation. The studies in this volume analyze the social and economic consequences of small currency scarcity and devaluation on various Asian economies and show how various regimes tried to manage these ever-present challenges. They reveal that those regimes that dealt most successfully with these two issues were those with an integrated national approach to monetary policy. Contributors are: Peter Bernholz, Werner Burger, Cao Jin, Mark Elvin, Dennis O. Flynn, Roger Greatrex, Najaf Haider, Reinier H. Hesselink, Elisabeth Kaske, Man-houng Lin, Jane Kate Leonard, Christine Moll-Murata, Keiko Nagase-Reimer, Shan Kunqin, Shimada Ryūto, Ulrich Theobald, Hans Ulrich Vogel, and Willem Wolters

Money in Asia examines two chronic problems that faced early modern monetary economies in East, South, and Southeast Asia: The inability to provide sufficient amounts of small currencies to facilitate local economic transactions and to control currency depreciation.

Money is a core feature in all discussions of economic crisis, as is clear from the debates about the responses of the European Central Bank and the Federal Reserve Bank of the United States to the 2008 economic crisis. This volume explores the role of money in economic performance, and focuses on how monetary systems have affected economic crises for the last 4,000 years. Recent events have confirmed that money is only a useful tool in economic exchange if it is trusted, and this is a concept that this text explores in depth. The international panel of experts assembled here offers a long-range perspective, from ancient Assyria to modern societies in Europe, China and the US. This book will be of interest to students and researchers of economic history, and to anyone who seeks to understand the economic crises of recent decades, and place them in a wider historical context.

Hailian Chen’s pioneering study presents the first comprehensive history of Chinese zinc—an essential base metal used to produce brass and coin and a global commodity—over the long eighteenth century. Zinc, she argues, played a far greater role in the Qing economy and in integrating China into an emerging global economy, than has previously been recognized. Using commodity chain analysis and exploring over 5,800 items of archival documents, Chen demonstrates how this metal was produced, transported, traded, and consumed by human agents. Situating the zinc story within the human-environment framework, this book covers a broad and interdisciplinary range of political economy, material culture, environment, technology, and society, which casts new light on our understanding of early modern China.

Originating in the sea, especially in the waters surrounding the low-lying islands of the Maldives, Cypraea moneta (sometimes confused with Cypraea annulus) was transported to various parts of Afro-Eurasia in the prehistoric era, and in many cases, it was gradually transformed into a form of money in various societies for a long span of time. Yang provides a global examination of cowrie money within and beyond Afro-Eurasia from the archaeological period to the early twentieth century. By focusing on cowrie money in Indian, Chinese, Southeast Asian and West African societies and shell money in Pacific and North American societies, Yang synthsises and illustrates the economic and cultural connections, networks and interactions over a longue durée and in a cross-regional context. Analysing locally varied experiences of cowrie money from a global perspective, Yang argued that cowrie money was the first global money that shaped Afro-Eurasian societies both individually and collectively. He proposes a paradigm of the cowrie money world that engages local, regional, transregional and global themes.

This book attempts to reveal historical dynamism of transforming contemporary Maritime Asia and to identify key driving forces or agencies for the evolution and transformation of Maritime Asia in the context of global history studies. It seeks to accomplish these goals by connecting different experiences in Maritime Asia both historically from the late early-modern to the present and spatially covering both East and Southeast Asia. Focusing on interactions on and through oceans, seas, and islands, Maritime Asia can deal with any aspects of human society and the nature, including diplomacy, maritime trade, cultural exchange, identity and others. Its interest in supra-regional interactions and networks, migration and diaspora, combined with its microscopic concern with local and trans-border affairs, will surely contribute to the common task of contemporary social sciences and humanities, to relativize the conventional framework based on the nation-state. In this regard, research in Maritime Asia claims to be an integral part of global studies. Part I deals with long-distance trade and diplomatic relations during the late early modern era and its transition to the modern era, mainly in the nineteenth century. Part II focuses on the emergence of transregional and trans-oceanic Asian networks and the original institution-building efforts in the Asia-Pacific region in the twentieth century.

The first truly global history of work, an upbeat assessment from the age of the hunter-gatherer to the present day We work because we have to, but also because we like it: from hunting-gathering over 700,000 years ago to the present era of zoom meetings, humans have always worked to make the world around them serve their needs. Jan Lucassen provides an inclusive history of humanity’s busy labor throughout the ages. Spanning China, India, Africa, the Americas, and Europe, Lucassen looks at the ways in which humanity organizes work: in the household, the tribe, the city, and the state. He examines how labor is split between men, women, and children; the watershed moment of the invention of money; the collective action of workers; and at the impact of migration, slavery, and the idea of leisure. From peasant farmers in the first agrarian societies to the precarious existence of today’s gig workers, this surprising account of both cooperation and subordination at work throws essential light on the opportunities we face today.

This book is open access under a CC BY 4.0 license. Rethinking the ways global history is envisioned and conceptualized in diverse countries such as China, Japan, Mexico or Spain, this collections considers how global issues are connected with our local and national communities. It examines how the discipline had evolved in various historiographies, from Anglo Saxon to southern European, and its emergence in Asia with the rapid development of the Chinese economy motivation to legitimate the current uniqueness of the history and economy of the nation. It contributes to the revitalization of the field of global history in Chinese historiography, which have been dominated by national narratives and promotes a debate to open new venues in which important features such as scholarly mobility, diversity and internationalization are firmly rooted, putting aside national specificities. Dealing with new approaches on the use of empirical data by framing the proper questions and hypotheses and connecting western and eastern sources, this text opens a new forum of discussion on how global history has penetrated in western and eastern historiographies, moving the pivotal axis of analysis from national perspectives to open new venues of global history.

Offers a distinctive history of money as an everyday social technology in the Dutch Republic from 1600 to 1850.

In the late nineteenth century, as much of the world adopted some variant of the gold standard, China remained the most populous country still using silver. Yet China had no unified national currency; there was not one monetary standard but many. Silver coins circulated alongside chunks of silver and every transaction became an "encounter of wits." China and the End of Global Silver, 1873–1937 focuses on how officials, policy makers, bankers, merchants, academics, and journalists in China and around the world answered a simple question: how should China change its monetary system? Far from a narrow, technical issue, Chinese monetary reform is a dramatic story full of political revolutions, economic depressions, chance, and contingency. As different governments in China attempted to create a unified monetary standard in the late nineteenth and early twentieth century, the United States, England, and Japan tried to shape the direction of Chinese monetary reform for their own benefit. Austin Dean argues convincingly that the Silver Era in world history ended owing to the interaction of imperial competition in East Asia and the state-building projects of different governments in China. When the Nationalist government of China went off the silver standard in 1935, it marked a key moment not just in Chinese history but in world history.