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History And Economics Notes Chinese Economic History Since 1850 Notes

Week 3 Lecture Notes

Updated Week 3 Lecture Notes Notes

Chinese Economic History Since 1850 Notes

Chinese Economic History Since 1850

Approximately 215 pages

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...

The following is a more accessible plain text extract of the PDF sample above, taken from our Chinese Economic History Since 1850 Notes. Due to the challenges of extracting text from PDFs, it will have odd formatting:

19th Century China

  • 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

The Challenge and Response Framework

  • 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

Liang Qichao’s 3 stages of reform in modern China

  • 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

Opium Wars

  • 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

The Taiping Rebellion (1850 to 1864)

  • 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

The Tongzhi Restoration (1860 to 1874)

  • 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’

The Self-strengthening movement (Yangwu Movement) (1861 to 1895)

  • 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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