Chapter

Gold and Empire, 1885–1903

Mark Metzler

in Lever of Empire

Published by University of California Press

Published in print March 2006 | ISBN: 9780520244207
Published online March 2012 | e-ISBN: 9780520931794 | DOI: http://dx.doi.org/10.1525/california/9780520244207.003.0003
Gold and Empire, 1885–1903

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In 1897, Japan succeeded in joining the gold-standard system and gaining access to the London financial markets, just as it succeeded in joining the imperialist club of otherwise white, Christian powers. At the same point, both Japan and the United States began building their own spheres of monetary influence. Japan's new monetary regime was also part of a larger shift to gold in the 1890s, the beginning of the second wave of the universalization of the gold standard, which now extended to Asia.

Keywords: London financial markets; Japan; gold standard; monetary influence; United States

Chapter.  7229 words.  Illustrated.

Subjects: Asian History

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