Michael Schiltz analyses the efforts by nineteenth century banking to mitigate the effects of the depreciation of silver. He shows that strategies for hedging exchange rate risk were created earlier than traditionally thought, and explores the relationship between Great-Britain and its colonies in Asia, and the rise of Japan as a financial power.
Money and finance have been among the most potent tools of colonial power. This study investigates the Japanese experiment with financial imperialism—or “yen diplomacy”—at several key moments between the acquisition of Taiwan in 1895 and the outbreak of the Sino-Japanese War in 1937. Through authoritarian monetary reforms and lending schemes, government officials and financial middlemen served as “money doctors” who steered capital and expertise to Japanese official and semi-official colonies in Taiwan, Korea, China, and Manchuria. Michael Schiltz points to the paradox of acute capital shortages within the Japan’s domestic economy and aggressive capital exports to its colonial possessions as the inevitable but ultimately disastrous outcome of the Japanese government’s goal to exercise macroeconomic control over greater East Asia and establish a self-sufficient “yen bloc.” Through their efforts to implement their policies and contribute to the expansion of the Japanese empire, the “money doctors” brought to the colonies a series of banking institutions and a corollary capitalist ethos, which would all have a formidable impact on the development of the receiving countries, eventually affecting their geopolitical position in the postcolonial world.
The second half of the nineteenth century is correctly known to have culminated in the emergence of the gold standard as the first truly international monetary regime. The processes leading up to this remarkable feat are, however, far less documented or understood. Economic historians have only recently started digging into the causes behind the 'fall of silver' that preceded the scramble for gold. It is nowadays clear that its effects were felt worldwide. Not in the least, silver depreciation severely affected East-West trade. It was, among other factors, behind the bankruptcy of several powerful institutions as the Oriental Bank Corporation. Yet at the same time, it cemented the position of other banks, some of which exist until this very day (HSBC, Standard Chartered). What did these banks know that others did not? In Accounting for the Fall of Silver, Michael Schiltz explains that the 1870s and 1880s witnessed furious experiments with new financial products and, equally important, strategies for hedging exchange rate risk. Drawing on archives that have never been used before, the book throws new light on an important episode of nineteenth century world history. At the same time, it illuminates lesser known aspects of the first gold standard period. It draws attention to the existence of 'carry trades' between European money markets and the lesser liquid Asian periphery; and describes the creation of financial contracts with the sole aim of enabling commodity finance among Asian mercantile centers.
Despite a brewing pedigree richer than that of Milwaukee or St. Louis, Cincinnati's role in American beer history is quite often underappreciated. Drawing on years of research, Michael D. Morgan, author of the award-winning Over-the-Rhine: When Beer Was King, tackles this subject with a fresh perspective. Complete with new findings, the true story of the city's first brewer comes to light, as do the oft-heralded deeds - and overlooked misdeeds - of the beer barons who built empires their progeny drove to ruins. From the story of the Scottish brewery that made Cincy famous for English ales, through forgotten Prohibition political scandals, to the birth and rise of the modern craft beer movement, Cincinnati Beer explores previously untold stories of our beer-soaked past.
This volume focuses on the little known official Army Air Force report commissioned by the Eighth Air Force's VIII Fighter Command (FC) in May 1944. The detailed document chronicled the experiences of 24 pilots who had seen extensive service in the frontline escorting B-17s and B-24s on daylight raids deep into Germany. Briefed to provide a candid report on combat flying that could be used as a teaching 'manual' for potential fighter pilots, the VIII FC veterans openly discuss their secrets to success, and survival in the deadly skies over occupied Europe. Exactly half of those pilots who contributed to The Long Reach subsequently achieved ace status.
Presenting a new framework for understanding the complex but vital relationship between legal history and the family, Michael Grossberg analyzes the formation of legal policies on such issues as common law marriage, adoption, and rights for illegitimate children. He shows how legal changes diminished male authority, increased women's and children's rights, and fixed more clearly the state's responsibilities in family affairs. Grossberg further illustrates why many basic principles of this distinctive and powerful new body of law--antiabortion and maternal biases in child custody--remained in effect well into the twentieth century.
Achieving cost-effective performance over time requires an organized, disciplined, and time-phased approach to product design, development, qualification, manufacture, and in-service management. Guidebook for Managing Silicon Chip Reliability examines the principal failure mechanisms associated with modern integrated circuits and describes common practices used to resolve them. This quick reference on semiconductor reliability addresses the key question: How will the understanding of failure mechanisms affect the future? Chapters discuss: failure sites, operational loads, and failure mechanism intrinsic device sensitivities electromigration hot carrier aging time dependent dielectric breakdown mechanical stress induced migration alpha particle sensitivity electrostatic discharge (ESD) and electrical overstress latch-up qualification screening guidelines for designing reliability Guidebook for Managing Silicon Chip Reliability focuses on device failure and causes throughout - providing a thorough framework on how to model the mechanism, test for defects, and avoid and manage damage. It will serve as an exceptional resource for electrical engineers as well as mechanical engineers working in the field of electronic packaging.
The hypostatic union of Christ, namely his being simultaneously human and divine, is one of the founding doctrines of Christian theology. In this book Michael Gorman presents the first full-length treatment of Aquinas's metaphysics of the hypostatic union. After setting out the historical and theological background, he examines Aquinas's metaphysical presuppositions, explains the basic elements of his account of the hypostatic union, and then enters into detailed discussions of four areas where it is more difficult to get a clear understanding of Aquinas's views, arguing that in some cases we must be content with speculative reconstructions that are true to the spirit of Aquinas's thought. His study pays close attention to the Latin texts and their chronology, and engages with a wide range of secondary literature. It will be of great interest to theologians as well as to scholars of metaphysics and medieval thought.
Michael Cowan presents a study of modernity's preoccupation with willpower. From Nietzsche's 'will to power' to a fantasy of the 'triumph of the will' under Nazism, the will - its pathologies and potential cures - was a topic of urgent debate in European modernity.
This book presents a comprehensive survey of perceptual expertise in visual object recognition, and introduces a novel collaborative model, codified as the "Perceptual Expertise Network" (PEN). This unique group effort is focused on delineating the domain-general principles of high-level visual learning that can account for how different object categories are processed and come to be associated with spatially localized activity in the primate brain. PEN's approach brings together different traditions and techniques to address questions such as how expertise develops, whether there are different kinds of experts, whether some disorders such as autism or prosopagnosia can be understood as a lack or loss of expertise, and how conceptual and perceptual information interact when experts recognize and categorize objects. The research and results that have been generated by these questions are presented here, along with a variety of other questions, background information, and extant issues that have emerged from recent studies, making this book a complete overview on the topic.
This book is about supervision in the legal profession with a focus on the experience of novice lawyers. It is the first of its kind. Until now there have been a range of books dedicated to professional supervision in many disciplines, but not law. Supervision is an important link between formal university-based legal education and independent practice and is relevant to a range of contemporary legal practice issues including changes driven by technology, workplace culture, regulating law firm management, and well-being. This book aims to be scholarly and practical. It provides an overview of how supervision is positioned in the legal regulatory framework; it describes how supervision is conceived in the legal profession and practice management literature; and draws lessons from clinical legal education and other professional disciplines. By reporting on survey data, this book also provides insights into practitioners’ attitudes and perceptions about supervision in legal practice.
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