Empire of Silver

Empire of Silver: A New Monetary History of China by Jin Xu EPUB

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

“A wonderful book for understanding one thousand years of Chinese monetary history.”–Debin Ma, Hitotsubashi University

 85 total views,  2 views today

 86 total views,  3 views today

Empire of Silver: A New Monetary History of China by Jin Xu EPUB

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 16th 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.

book-author

format

Original language

ISBN

9780440339731

Customer Reviews

1-5 of 2 reviews

  • akther

    Such an incredibly complex story! I had to buy it because there was a waiting list of 30+ at the local library for this book. Thrilled that I made the purchase

    August 18, 2020
  • Amber Jones

    Such an incredibly complex story! I had to buy it because there was a waiting list of 30+ at the local library for this book. Thrilled that I made the purchase

    September 1, 2020

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