Bøger i Yale Series in Economic and Financial History serien

Silver mining was a capitalist business long before the supposed origin of modern capitalism

As China emerges as a global powerhouse, this timely book examines its economic past and the shaping of its financial institutions.The first comparative study of foreign banking in prewar China, the book surveys the impact of British overseas bank notes on China's economy before the outbreak of the Sino-Japanese War in 1937. Focusing on the two leading British banks in the region, it assesses the favorable and unfavorable effects of the British presence in China, with particular emphasis on Shanghai, and traces instructive links between the changing political climate and banknote circulation volumes.Drawing on recently declassified archival materials, Niv Horesh revises previous assumptions about China's prewar economy, including the extent of foreign banknote circulation and the economic significance of the May Thirtieth Movement of 1925.

This highly original work explores a previously unknown financial conspiracy at the start of the American Civil War. The book explains the reasons for the puzzling intensity of Missouris guerrilla conflict, and for the states anomalous experience in Reconstruction. In the broader history of the war, the book reveals for the first time the nature of military mobilization in the antebellum United States.

It has become commonplace to think that globalization has produced a race to the bottom in terms of labor standards and quality of life: the cheaper the labor and the lower the benefits afforded workers, the more competitively a country can participate on the global stage. But in this book the distinguished economic historian Michael Huberman demonstrates that globalization has in fact been very good for workers quality of life, and that improved labor conditions have promoted globalization.

In 1918, the Soviet revolutionary government repudiated the Tsarist regime's sovereign debt, triggering one of the biggest sovereign defaults ever. Yet the price of Russian bonds remained high for years. Combing French archival records, Kim Oosterlinck shows that, far from irrational, investors had legitimate reasons to hope for repayment. Soviet debt recognition, a change in government, a bailout by the French government, or French banks, or a seceding country would have guaranteed at least a partial reimbursement. As Greece and other European countries raise the possibility of sovereign default, Oosterlinck's superbly researched study is more urgent than ever.

Offers an economic analysis of the Kipper und Wipper inflation of 1619-23, the most serious German inflation before the hyperinflation following World War I, with a focus on how it affected people's lives and behaviour.