Financial History of Japan in Global Context, 19th and 20th Centuries

Author(s):  
Michael Schiltz

Japan’s experience with modern capitalism and finance is characterized by a remarkable combination of shocks and adaptation. After being steamrolled by Western institutions and financial technologies, the country attempted to retaliate against this intrusion. However, regaining financial sovereignty proved a protracted process of trial and error. In the 1880s and 1890s, under the auspices of Matsukata Masayoshi, Tokyo seemed to get it right. The establishment of the Bank of Japan and related institutions, on the one hand, and the adoption of the gold standard, on the other, appeared designed to lift Japan out of its peripheral status. In reality, however, they mostly served to emphasize its role as an enabler of the British-led international order. Only in the 1930s, during the worldwide Great Depression, would it break with this role, if only to find that its autonomy had been compromised from the very beginning. Japan’s disastrous loss in World War II drove the country into the arms of the newly arisen global hegemon: the United States. In the early 21st-century, Japan remains a linchpin in the still surviving American-led world order and the corollary “dollar standard.”

Author(s):  
Or Rosenboim

During and after World War II, public intellectuals in Britain and the United States grappled with concerns about the future of democracy, the prospects of liberty, and the decline of the imperial system. Without using the term “globalization,” they identified a shift toward technological, economic, cultural, and political interconnectedness and developed a “globalist” ideology to reflect this new postwar reality. This book examines the competing visions of world order that shaped these debates and led to the development of globalism as a modern political concept. Shedding critical light on this neglected chapter in the history of political thought, the book describes how a transnational network of globalist thinkers emerged from the traumas of war and expatriation in the 1940s and how their ideas drew widely from political philosophy, geopolitics, economics, imperial thought, constitutional law, theology, and philosophy of science. The book presents compelling portraits of Raymond Aron, Owen Lattimore, Lionel Robbins, Barbara Wootton, Friedrich Hayek, Lionel Curtis, Richard McKeon, Michael Polanyi, Lewis Mumford, Jacques Maritain, Reinhold Niebuhr, H. G. Wells, and others. It shows how the globalist debate they embarked on sought to balance the tensions between a growing recognition of pluralism on the one hand and an appreciation of the unity of humankind on the other.


Volume Nine of this series traces the development of the ‘world novel’, that is, English-language novels written throughout the world, beyond Britain, Ireland, and the United States. Focusing on the period up to 1950, the volume contains survey chapters and chapters on major writers, as well as chapters on book history, publishing, and the critical contexts of the work discussed. The text covers periods from renaissance literary imaginings of exotic parts of the world like Oceania, through fiction embodying the ideology and conventions of empire, to the emergence of settler nationalist and Indigenous movements and, finally, the assimilations of modernism at the beginnings of the post-imperial world order. The book, then, contains chapters on the development of the non-metropolitan novel throughout the British world from the eighteenth to the mid twentieth centuries. This is the period of empire and resistance to empire, of settler confidence giving way to doubt, and of the rise of indigenous and post-colonial nationalisms that would shape the world after World War II.


2020 ◽  
Vol 12 (3) ◽  
pp. 7-44
Author(s):  
A. Yu. Borisov

It is unfortunate to note again today that World War II did not end, it continues in the form of the war of memory. Politicians and scholars who stand as ideological successors of collaborators are trying to rewrite the history of those tragic days, to downplay the role of the Soviet Union in the victory over fascism. They try to revive certain political myths, which have been debunked long ago, that the Soviet Union and the Nazi Germany bear equal responsibility for the outbreak of World War II, that the Red Army did not liberate Eastern Europe but ‘occupied’ it. In order to combat these attempts it is necessary to examine once again a turbulent history of the inter-war period and, particularly, the reasons why all attempts to form a united antifascist front had failed in the 1930s, but eventually led to the formation of the anti-Hitler coalition.The paper focuses on a complex set of political considerations, including cooperation and confrontation, mutual suspicions and a fervent desire to find an ally in the face of growing international tensions, which all together determined the dynamics of relations within a strategic triangle of the Soviet Union — the United States — Great Britain in the late 1930s and early 1940s. The paper shows how all attempts to establish a collective security system during the prewar period had shattered faced with the policy of appeasement, which allowed the Nazi Germany to occupy much of Europe. Only the Soviet Union’s entry into the war changed the course of the conflict and made a decisive contribution to the victory over fascist aggressors. The author emphasizes that at such crucial moment of history I.V. Stalin, F.D. Roosevelt and W. Churchill raised to that challenge, demonstrating realism, common sense and willingness to cooperate. Although within the anti-Hitler coalition there was a number of pending issues, which triggered tensions between the Allies, their leaders managed to move beyond old grievances, ideological differences and short-term political interests, to realize that they have a common strategic goal in the struggle against Nazism. According to the author, this is the foundation for success of the anti-Hitler coalition and, at the same time, the key lesson for contemporary politicians. The very emergence of the anti-Hitler coalition represented a watershed in the history of the 20th century, which has determined a way forward for the whole humanity and laid the foundations for the world order for the next fifty years.


2014 ◽  
Vol 32 (2) ◽  
pp. 309-350 ◽  
Author(s):  
Alison Bashford ◽  
Jane McAdam

From the 1880s, states and self-governing colonies in North and South America, across Australasia, and in southern Africa began introducing laws to regulate the entry of newly defined “undesirable immigrants.” This was a trend that intensified exclusionary powers originally passed in the 1850s to regulate Chinese migration, initially in the context of the gold rushes in California and the self-governing colony of Victoria in Australia. The entry and movement of other populations also began to be regulated toward the end of the century, in particular the increasing number of certain Europeans migrating to the United States. It is perhaps unsurprising, then, that Britain followed this legal trend with the introduction of the 1905 Aliens Act, although it was a latecomer when situated in the global context, and certainly within the context of its own Empire. The Aliens Act was passed in response to the persecution of Eastern European Jews and their forced migration, mainly from the Russian Empire into Britain. It defined for the first time in British law the notion of the “undesirable immigrant,” criteria to exclude would-be immigrants, and exemptions from those exclusions. The Aliens Act has been analyzed by historians and legal scholars as an aspect of the history of British immigration law on the one hand, and of British Jewry and British anti-Semitism on the other. Exclusion based on ethnic and religious grounds has dominated both analyses. Thus, the Act has been framed as the major antecedent to Britain's more substantial and enduring legislative moves in the 1960s to restrict entry, regulate borders, and nominate and identify “undesirable” entrants effectively (if not explicitly) on racial grounds.


2020 ◽  
pp. 239-242
Author(s):  
David F. Schmitz

The crisis of the 1930s made changes in American foreign policy a necessity, and events demonstrated that Franklin Roosevelt made the correct decisions on the major issues to protect American interests and meet the challenges. For FDR, World War II was the second chance for the United States to create a lasting peace, one based on the Grand Alliance, collective security, and the United Nations. Beyond just the defeat of Germany and Japan, it was an opportunity to build a world order that would produce peace and prosperity through a cooperative, multilateral international system. This was Roosevelt's great legacy, to envision a different world than the one that proceeded the war and to begin to establish the values and institutions it would be built on. In doing so, he transformed American foreign policy. Roosevelt was the most important and most successful foreign policymaker in the nation's history.


Author(s):  
Emma J. Teng

The China–Taiwan relationship continues to be one of the most highly fraught international political issues in the post-Cold War era, and a potential flashpoint in US–China affairs. Lying 180 kilometers off the southeastern coast of China, Taiwan’s relation to the mainland has undergone numerous permutations since the 17th century, when it was a Dutch colony. In 1662, Taiwan was conquered by Ming loyalist forces who retreated to the island from China and took it from the Dutch. This loyalist regime then held the island until 1683, when Qing imperial forces crossed the Taiwan Strait to quell the insurgents. The Qing in turn ruled Taiwan until 1895, when it was ceded to Japan as an outcome of the Sino-Japanese war. Taiwan was returned to Chinese sovereignty in 1945, following Japan’s defeat in World War II, but has been divided from mainland China since the establishment of the People’s Republic of China (PRC) in 1949. Taiwan’s evolving relationship to modern China has been profoundly shaped by three crucial factors: the island’s location along China’s strategic maritime perimeter; its role in global trade networks; and fears of its being used as an enemy base against the mainland. Taiwan has also played an important role in Chinese migration history. The island was one of the earliest destinations for overseas migration from China, and it has seen successive waves of Han Chinese migrants over the centuries, making it home to the largest ethnic Chinese population outside the PRC in the early 21st century. In addition to ancestral and cultural ties, a staggering volume of trade and investment links the two sides together economically, despite ongoing political friction, and the contemporary cross-Strait relationship is thus characterized by collaboration as well as conflict. Important historiography of the subject has been produced in China, Taiwan, Japan, Korea, the United States, and Europe within the frameworks of Chinese history, East Asian regional and maritime history, comparative colonial history, and the history of international relations. It is worth noting that beyond the China–Taiwan relationship, a different strand of historiography, that of Pacific history, treats Taiwan as part of the history of the Pacific Islands, focusing on its indigenous people rather than the Han Chinese majority, and on their links to other Austronesian-speaking peoples across Oceania.


2018 ◽  
pp. 97-130
Author(s):  
Denzenlkham Ulambayar

Since the 1990s, when previously classified and top secret Russian archival documents on the Korean War became open and accessible, it has become clear for post-communist countries that Kim Il Sung, Stalin and Mao Zedong were the primary organizers of the war. It is now equally certain that tensions arising from Soviet and American struggle generated the origins of the Korean War, namely the Soviet Union’s occupation of the northern half of the Korean peninsula and the United States’ occupation of the southern half to the 38th parallel after 1945 as well as the emerging bipolar world order of international relations and Cold War. Newly available Russian archival documents produced much in the way of new energies and opportunities for international study and research into the Korean War.2 However, within this research few documents connected to Mongolia have so far been found, and little specific research has yet been done regarding why and how Mongolia participated in the Korean War. At the same time, it is becoming today more evident that both Soviet guidance and U.S. information reports (evaluated and unevaluated) regarding Mongolia were far different from the situation and developments of that period. New examples of this tendency are documents declassified in the early 2000s and released publicly from the American Central Intelligence Agency (CIA) in December 2016 which contain inaccurate information. The original, uncorrupted sources about why, how and to what degree the Mongolian People’s Republic (MPR) became a participant in the Korean War are in fact in documents held within the Mongolian Central Archives of Foreign Affairs. These archives contain multiple documents in relation to North Korea. Prior to the 1990s Mongolian scholars Dr. B. Lkhamsuren,3 Dr. B. Ligden,4 Dr. Sh. Sandag,5 junior scholar J. Sukhee,6 and A. A. Osipov7 mention briefly in their writings the history of relations between the MPR and the DPRK during the Korean War. Since the 1990s the Korean War has also briefly been touched upon in the writings of B. Lkhamsuren,8 D. Ulambayar (the author of this paper),9 Ts. Batbayar,10 J. Battur,11 K. Demberel,12 Balảzs Szalontai,13 Sergey Radchenko14 and Li Narangoa.15 There have also been significant collections of documents about the two countries and a collection of memoirs published in 200716 and 2008.17 The author intends within this paper to discuss particularly about why, how and to what degree Mongolia participated in the Korean War, the rumors and realities of the war and its consequences for the MPR’s membership in the United Nations. The MPR was the second socialist country following the Soviet Union (the Union of the Soviet Socialist Republics) to recognize the DPRK (Democratic People’s Republic of Korea) and establish diplomatic ties. That was part of the initial stage of socialist system formation comprising the Soviet Union, nations in Eastern Europe, the MPR, the PRC (People’s Republic of China) and the DPRK. Accordingly between the MPR and the DPRK fraternal friendship and a framework of cooperation based on the principles of proletarian and socialist internationalism had been developed.18 In light of and as part of this framework, The Korean War has left its deep traces in the history of the MPR’s external diplomatic environment and state sovereignty


1976 ◽  
Vol 4 (2) ◽  
pp. 89-97
Author(s):  
Thaddeus V. Gromada

Most of the one and one-half million Poles who immigrated to the United States before World War II were people of rural, Catholic, Slavic stock in search of greater economic and social opportunities. They settled in urban centers primarily in the middle Atlantic, mid-Western, and New England states where they formed communities (Polonias) around the steel mills, coal and iron mines, slaughter houses and meat packing plants, oil refineries, shoe and textile factories, granaries and milling plants. Their labor was an important element in the industrialization of America. They were among the millions of unknown persons from eastern and southern Europe, as Michael Novak put it, “who have strengthened family and neighborhood life in America, and from 1930's to the present have made possible the longest strides in the nation's history in economic matters and civil rights.” Very few scholars and intellectuals, however, could be found among these Polish immigrants. When Polish scholars, intellectuals, or artists emigrated from partitioned Poland, usually after unsuccessful revolutions, they settled in France or some other European country.


Author(s):  
Michihiro Ama ◽  
Michael Masatsugu

Japanese Buddhism was introduced to the United States at the Parliament of World Religions in Chicago in 1893, but the development of Japanese American Buddhism, also known as Nikkei Buddhism, really began when Japanese migrants brought Buddhism with them to Hawaii and the continental United States during the late 19th and early 20th centuries. It has been influenced by, and has reflected, America’s sociopolitical and religious climate and the US relationship to Japan, to which generations of Japanese Americans, such as Issei (literally, first generation, referring to Japanese immigrants), Nisei (second-generation American-born offspring of the Issei), and Sansei (third generation), responded differently. While adapting to American society, Japanese American Buddhists maintained their cultural practices and ethnoreligious identity. The history of Japanese American Buddhism discussed in this article spans from the late-19th Century to the 1970s and is divided into three major periods: the pre-World War II, World War II, and the postwar eras. Japanese American Buddhism is derived from the various Buddhist organizations in Japan. The Nishi Hongwanji denomination of Jōdo Shinshū, a form of Pure Land Buddhism known as Shin Buddhism in the West, is the oldest and largest form of ethnic Japanese Buddhism in the United States. In Hawaii, Nishi Hongwanji founded the Hompa Hongwanji Mission of Hawaii (HHMH) in Honolulu in 1897. On the continental United States, it established the Buddhist Mission of North America (BMNA) in San Francisco in 1898, currently known as the Buddhist Churches of America (BCA). Other Japanese Buddhist organizations also developed in the United States at the beginning of the 20th century. They include the Jōdo-shū, another sect of Pure Land Buddhism; Higashi Hongwanji, another major denomination of Jōdoshin-shū; Sōtō-shū, a Zen Buddhist school; Shingon-shū, known as Kōyasan Buddhism; and Nichiren-shū. The characteristics of Japanese American Buddhism changed significantly during World War II, when approximately 120,000 persons of Japanese descent living in the West Coast states were incarcerated because of President Franklin D. Roosevelt’s Executive Order 9066. The postwar period witnessed a rapid transformation in the status and visibility of Japanese Buddhism in the United States. This transformation was driven by the promotion of ethnonational Buddhism by Nisei and by the growth of interest in Zen Buddhism among the general American public. The positive reception of Japanese Buddhism in the United States reflected and reinforced the transformed relationship between the United States and Japan from wartime enemies to Cold War partners. While they experienced greater receptivity and interest in Buddhism from nonethnics, they could no longer practice or espouse Jōdo Shinshū teachings or adapted practices without clarification. Debates concerning the authenticity of Jōdo Shinshū Buddhism and Japanese American Buddhist practices were interwoven within a longer history of American Orientalism. By the 1960s, Japanese American Buddhist communities were transformed by the addition of a small but vocal nonethnic membership and a new generation of Sansei Buddhists. Demands for English-speaking ministers resulted in the creation, in 1967, of the Institute of Buddhist Studies, the first graduate-level training program in the United States endorsed by Nishi Hongwanji. This article is an overview of Japanese American Buddhism with a focus on the development of the Nishi Hongwanji Shin Buddhist organizations in the United States. English scholarship on the development of other Japanese Buddhist organizations in the United States is still limited. Throughout the history of Japanese American Buddhism, Nikkei Buddhists negotiated with America’s political institutions and Christian churches, as well as with Euro-American Buddhists, over Buddhist and cultural practices to maintain and redefine their ethnoreligious tradition. Buddhist temples provided the space for them to gather and build a community of shared faith and cultural heritage, discuss their place and the role of Buddhism in American society, and express their concerns to America’s general public.


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