Chinese Currency And Banking
Chinese Currency And Banking
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In our eReader you can find the full English version of the book. Read Chinese Currency And Banking Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Chinese Currency And Banking
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It is purposeless to go into the early history of the currency in China, as this subject has already been dealt with by competent authorities like the late Mr. Edkins and Mr. H. B. Morse. There is confusion enough in local currencies. The variability of the monetary unit of the tael is due to the employment of uncoined silver currencies. But during the past hundred years there has been the additional difficulty caused by the introduction of foreign dollars. It is stated that the Portuguese and ...the Spaniards brought the dollar into China as early as the seventeenth century. Being practically the only coin the Chinese had ever seen the dollar soon gained great popularity; and when the East India Company began to trade with China, they had to import this dollar with which to pay their purchases of tea and silk. The introduction of the dollar was also made easier by the fact 50 CURRENCY IN CHINA of Canton being the sole port open to the foreign trade for nearly a century since 1757. Of the several dollars that came into China the Carolus dollar of Spain was more readily accepted than any other coin.
What to read after Chinese Currency And Banking?
You can find similar books in the "Read Also" column, or choose other free books by Srinivas Ram Wagel to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
It is purposeless to go into the early history of the currency in China, as this subject has already been dealt with by competent authorities like the late Mr. Edkins and Mr. H. B. Morse. There is confusion enough in local currencies. The variability of the monetary unit of the tael is due to the employment of uncoined silver currencies. But during the past hundred years there has been the additional difficulty caused by the introduction of foreign dollars. It is stated that the Portuguese and ...the Spaniards brought the dollar into China as early as the seventeenth century. Being practically the only coin the Chinese had ever seen the dollar soon gained great popularity; and when the East India Company began to trade with China, they had to import this dollar with which to pay their purchases of tea and silk. The introduction of the dollar was also made easier by the fact 50 CURRENCY IN CHINA of Canton being the sole port open to the foreign trade for nearly a century since 1757. Of the several dollars that came into China the Carolus dollar of Spain was more readily accepted than any other coin.
What to read after Chinese Currency And Banking?
You can find similar books in the "Read Also" column, or choose other free books by Srinivas Ram Wagel to read onlineMoreLess
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