Lever of Empire: The International Gold Standard and the Crisis of Liberalism in Prewar Japan (Twentieth-century Japan: The Emergence of a World Power
By: Mark Metzler (author)Hardback
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This book, the first full account of Japan's financial history and the Japanese gold standard in the pivotal years before World War II, provides a new perspective on the global political dynamics of the era by placing Japan, rather than Europe, at the center of the story. Focusing on the fall of liberalism in Japan in late 1931 and the global politics of money that were at the center of the crisis, Mark Metzler asks why successive Japanese governments from 1920 to 1931 carried out policies that deliberately induced deflation and depression. His search for answers stretches from Edo to London to the ragged borderlands of the Japanese empire and from the eighteenth century to the 1950s, integrating political and monetary analysis to shed light on the complex dynamics of money, empire, and global hegemony. His detailed and broad ranging account illuminates a range of issues including Japan's involvement in the economic dynamics that shook interwar Europe, the character of U.S. isolationism, and the rise of fascism as an international phenomenon.
Mark Metzler is Assistant Professor of History and Asian Studies at the University of Texas, Austin.
List of Illustrations List of Tables Preface Acknowledgments Notes on Terms Part One: Global Money and Empire Prologue: London, 1898 1. Japan and the British Gold Standard, ca. 1715--1885 2. Gold and Empire, 1885--1903 3. The Sinews of War, 1904--1914 4. The "Positive" and "Negative" Policies 5. "Divine Providence," 1914--1918 Part Two: Global Money and the Doctrine of Induced Depression 6. The Great Divide, 1918--1921 7. "The Contractionary Tide," 1921--1926 8. The Theory and Practice of Induced Depression 9. "The Two-Party Principle," 1927--1929 Part Three: The Crisis of Liberalism 10. The Liberal Triumph, 1929--1930 11. Opening the Door to a Hurricane, 1930--1931 12. Capitalist Recovery in One Country, 1932--1936 Epilogue: Money and Hegemony Appendix: Reference Information Notes Bibliography Index
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- ID: 9780520244207
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