Economic Depression and the Silver Question in Nineteenth-Century China
Economic Depression and the Silver Question in Nineteenth-Century China
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DOI:
10.1007/978-981-10-4053-5_5
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发表时间:
2018
期刊:
影响因子:
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通讯作者:
R. Glahn
中科院分区:
文献类型:
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作者:
R. Glahn
The last decade of the eighteenth century marked a crucial transition in China’s economic fortunes. After a century of steady growth in production, population and prosperity that had begun in the 1680s, a sudden reversal occurred in the 1790s. Prices tumbled amid widespread reports of economic distress and deteriorating trade. The White Lotus Rebellion (1796–1805) devastated a large swath of western China, forcing the Qing imperial government to empty its treasuries in costly military campaigns. The final suppression of the rebellion brought some respite, but not a return to prosperity. In 1815, the eruption of the Tambora volcano in Indonesia—the largest volcanic eruption in recorded history—triggered several years of global climatic disturbances, drastically disrupting agriculture as far away as New England and Ireland. Catastrophic flooding in the 1820s—including the devastating Yellow River floods of 1824–1826—precipitated famines in both northern and southern China, fomenting peasant unrest and urban food riots. The deflationary spiral triggered in the 1810s intensified in subsequent decades. The worst years