After early failures in promoting trust, government authority as a regulator of the financial system gradually increased, peaking in 1935, when the state unified the money supply for the first time in several hundred years. Concurrently, when local elites proved unable to develop successful strategies to make people trust thesystem, their influence declined. The need for trust in increasingly complex financial arrangements redefined state-society relations, simultaneously enhancing state power and creating new constraints on the actions of both elites and governments.
Trust in Troubled Times is a valuable new perspective on the economic, social, and political history of modern China.
Сообщите об ошибке или неточности на карточке товара, нажав на кнопку