Public’s cognition and response on the inflow of foreign silver dollars in Qing dynasty(PDF)

《长安大学学报（社科版）》[ISSN:1671-6248/CN:61-1391/C]

Issue:

2018年05期

Page:

87-96

Research Field:

历史学

Publishing date:

Info

Title:

Public’s cognition and response on the inflow of foreign silver dollars in Qing dynasty

Author(s):

XIONG Changkun

Institute of Economics，Chinese Academy of Social Sciences，Beijing 100836，China

Keywords:

Qing dynasty;  foreign silver dollar; monetary reform;  monetary reform regulation;  reorganize monetary

PACS:

F822.9

DOI:

-

Abstract:

In the late Ming and early Qing dynasty, large amounts of foreign machine�瞞ade standardized silver dollars began to enter commercial ports along China’s southeast coast, and gradually became widely used settlement currencies in foreign trades, and later the usage and circulation of which gradually expanded to the northern and inland boarder areas. This paper researched and analyzed the public attention and reaction to the inflow of silver dollars at that time and found that public resignation and response can be summarized in three levels: firstly in terms of circulation, it introduced the shape and casting of foreign silver dollars and usage; secondly in terms of recognition and acceptation, it demonstrated people’s view on circulation of these silver dollars; thirdly in terms of response and reactions, it discussed the problems caused by these circulating silver dollars and the practice of some provinces casting their own silver dollars and the currency reform in Qing dynasty. The opinions and reactions of the public to the inflow of foreign silver dollars reflected the deepening of understanding to foreign currencies as well as the urge to get hold of monetary sovereignty by replicating foreign casting methods. Overall, along with the deepening of understanding on inflow of foreign dollars, the public shifted from focus on inflation to discussion on currency reforms. In fact, the escalating public attention did have important impact on the central and local governments in Qing dynasty since the governments’ action mostly revolved around banning the competition on replicating dollars, self�瞔asting dollars and monetary reforms.

References:

[1］郑光祖.一斑录［M］.北京：中国书店，1990.

Memo

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