Trust in Troubled Times: Money, Banks, and State-Society Relations in Republican Tianjin

Trust in Troubled Times: Money, Banks, and State-Society Relations in Republican Tianjin
Автор
 
Год
 
Страниц
 
352
ISBN
 
0674010809
Издатель
 
Palgrave Macmillan
Категория
 
История бизнеса

Описание:

This timely book traces the development of banking and paper money in republican Tianjin in order to explore the creation of social trust in financial institutions. Framing the study around Bian Baimei, a conscientious branch manager of the Bank of China, Brett Sheehan analyzes the actions of bankers, officials, and local elites as they tried to overcome political and financial crises and instill trust in the banking system. After early failures in promoting trust, government authority as a regulator of the financial system gradually increased, peaking in 1935, when the state unified the money supply for the first time in several hundred years. Concurrently, when local elites proved unable to develop successful strategies to make people trust thesystem, their influence declined. The need for trust in increasingly complex financial arrangements redefined state-society relations, simultaneously enhancing state power and creating new constraints on the actions of both elites and...

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