Read e-book online A Short Economic History of Modern Japan PDF

By G. C. Allen

ISBN-10: 0333263243

ISBN-13: 9780333263242

ISBN-10: 1349861170

ISBN-13: 9781349861170

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They created a new urban culture and contributed lavishly to the superb artistic flowering of the Genroku era (1688- 1703). Their commercial and financial activities helped to undermine the economy of a regime based on peasant agriculture and payments in kind and service. 21 But they never made any serious attempt to wrest political power from the feudal classes to whose authority they were in the main content to defer. And the central and local authorities for their part regarded them as instruments ofthe existing feudal order, never as possible agents of economic growth.

21 But they never made any serious attempt to wrest political power from the feudal classes to whose authority they were in the main content to defer. And the central and local authorities for their part regarded them as instruments ofthe existing feudal order, never as possible agents of economic growth. 22 If the position of the lords was shaken by these changes, that of their retainers, especially those in the lower ranks, became deplorable. Their impoverished lords often held back part of their rice grants.

They were accustomed to make loans on the security of this produce, and they possessed an organization for remitting money from one centre to another. The disappearance of the han brought this business to an end and swept away many of the old merchant houses in a common ruin. Two of the wealthiest merchants, Ono and Shimada, went bankrupt in 1873, and a large number of smaller firms ceased business. At the same RECONSTRUCTION, 1868-81 45 time the establishment of a centralized Government meant that taxes formerly paid to the local governments were now sent to a central exchequer, and this produced a pronounced tightness of money in the distant provinces at tax-collecting time.

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A Short Economic History of Modern Japan by G. C. Allen


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