History And Economics Notes Chinese Economic History Since 1850 Notes
These notes and other materials cover the EH207: The Making of an Economic Superpower: China since 1850.
"This course provides a survey of long-term economic change in China from the mid-nineteenth century to the present. It focuses on China's long path to becoming a major global economic power at the beginning of the new millennium. The course examines the importance of ideological and institutional change in bringing about economic transformations by surveying major historical turning points s...
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Kangxi and Qianlong
Well respected, hardworking and intelligent emperors of the previous century
In contrast to 19th Century who were corrupt
The Opium War was eminent
Monetary and fiscal decline
China relied on silver from South America
Supplies constrained with collapse of Spanish empire
Britain found it unsuitable to ship large amounts of silver from Europe
Instead began to ship opium from India in exchange for silver
Further constraining silver supply
Constraints of silver led to problems with tax collection
Farmers were unhappy to pay in silver, which was dramatically increasing in value
In response, the government began to sell official ranks in return for silver
Against the tradition of civil examination system
Broke trust and principles in the bureaucracy
China conceded Hong Kong
Although it was only rocks in the ocean back then
Also opened up treaty ports
China was previously very closed
Chinas response to the opium/silver problem was slow
China could not grasp the concept of western politics
Not used to warring nations and foreign competition
19th century also so an increase in natural disasters and more frequent rebellion
Most prominent framework of studying Chinese history since Opium war
Highly influential and effective
“Western challenge and Chinese response”
Advocated by John King Fairbank
Modern Chinese challenge was to search for an ideology and institutional response to the Western imperialism
Has some critics
Paul Cohen et al. argue that it neglects:
Internal dynamism
The backlash against Western influence
Overemphasizes external factors
Western influence had huge regional variation
Barely reached the Hinterland
Focused on treaty port areas
Chinas response was also economically rational and not just political or ideological
1st stage: introduce Western technology
Primarily military
2nd stage: institutional reforms
When 1st stage failed
Introduce Western style government, law and modern enterprise
3rd stage: cultural reform
Negation of Confucius ideology
Arrival of Western imperialism in China
Britain had little appetite for colonization
Instead led to ‘free-trade’
Treaty ports placed Western commercial and political institutions in China
Started in Southern China
Caused huge damage to central and lower Yangzi regions
Two reasons for importance:
Human cost (from 20 to 100 million)
Qing government were bankrupted
Near hyperinflation
As a result, local militia rebellions formed and mobilized
Took kelp from Westerners
Introduced guns and modern warfare to China
Decline of Manchu military power
Rise of local Han Chinese bureaucrats
A period of trying to restore China after the Taiping Rebellion
Revival of traditional regime led by capable bureaucrats
Zeng Guofan
Li Hongzhang
Zuo Zhongtang
Restoration of National Civil Service Examinations
Reinstated orthodox Confucius ideology
A conservative era
But experimented with reform
‘Self-strengthening movement’
Led by powerful bureaucrats of the Tongzhi Restoration
Wanted to introduce:
Western military and heavy industry
Modern navy
Seen as primary cause of Opium war defeat
But did not support private sector or public...
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These notes and other materials cover the EH207: The Making of an Economic Superpower: China since 1850.
"This course provides a survey of long-term economic change in China from the mid-nineteenth century to the present. It focuses on China's long path to becoming a major global economic power at the beginning of the new millennium. The course examines the importance of ideological and institutional change in bringing about economic transformations by surveying major historical turning points s...
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