The decline and reorganization of the circulation system of copper coins in Ming and Qing dynasties
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G633.53

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    Abstract:

    The parallel pattern of copper and silver formed in the middle and late Ming dynasty continued to the Qing dynasty. However, under the same monetary pattern, the governments of the two dynasties showed great distinction in the management ability of copper money circulation:since the ChengHong period of the Ming dynasty, efforts were made to establish the rule of copper coins and save the circulation system of copper coins, but it didn't work, in the late Ming dynasty, nongovernmental coinage was rampant, the value of copper coins was disordered, silver replaced copper coins, the circulation of copper coins was greatly reduced, and the government almost lost ability of intervening currency market. In contrast, in the Qing dynasty, the copper coin system was established in an orderly manner. The value of copper coins fluctuated around the official price and was relatively stable,the circulation of copper coins broke through the restriction of "places where coins can be exchanged", and there was a widespread phenomenon of "copper coins replace silver". The government owned a relatively strong ability of intervening the currency market. The reason why the circulation system of copper coins in Ming and Qing dynasties changed from decline to reorganization lies in the differences in the basis of commodity economy and the organizing power of market, the increasing demand of the people for small currency, and the most important is the powerful monetary policy of the Qing government.

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邱永志,张国坤.明清铜钱流通体制的式微与重整[J].重庆大学学报社会科学版,2021,27(1):238~254

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History
  • Received:
  • Revised:September 16,2020
  • Adopted:
  • Online: February 01,2021
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