본문 바로가기
  • Home
Basic Search

A Study on Price Fluctuation during Longxing war

  • 중앙사론
  • 2016, (44), pp.117-149
  • Publisher : Institute for Historical Studies at Chung-Ang University
  • Research Area : Humanities > History

JEONG ILGYO 1

1수원여자대학교

Accredited

ABSTRACT

The North Song dynasty occupied most of the Central Plain(Zhongyuan) as the political, economical, and cultural center of the Northen Song dynasty between the fall of the Northern Song dynasty and the founding of Southern Song dynasty. As a result, the Southern Song dynasty suffered a tremendous economic blow and the nation’s tax revenues had diminished. The Southern Song Dynasty needed the enormous armaments for the war with the Jin dynasty. After the treaty of Shaoxing(1141), the Southern Song dynasty had a stable period for the 2 decades until the first year of Longxing(1163). Emperor Xiaozong prepared to go to war with the Jin dynasty. In the process, it was needed a lot of military supplies and the prices began to rise in the Southern Song dynasty. The Southern Song dynasty instituted a volunteer military system and so spent larger sums of money on arms than the any other dynasties of China. The Southern Song dynasty issued the paper money instead of the expensive mintage to solve the financial problem. As the Southern Song dynasty inflated the paper money, the value of money had declined and the prices rose higher. Consequentially the issue of paper money to prepare for war brought about inflation of the prices. Emperor Xiaozong ordered Zhang Jun and several commanders to subjugate the north in the first year of Longxing(1163). The Southern Song dynasty entered into a war with the Jin dynasty without a declaration of war. A peace treaty called the Treaty of Longxing was signed between the two empires in 1164. According to the treaty, the relationship of the two empires changed from between ruler and ruled to between uncle and nephew. The Southern Song dynasty ceded the areas treated with neglect. Also two empires got back their border line and exchanged the prisoners of war. During the Southern Song dynasty, there were a lot of warfare campaign. The present writer took notice the price fluctuation while the expedition to conquer the north by Emperor Xiaozong. It is difficult to reveal the progress of price fluctuation after major war. Accordingly The current study focused on the smaller and briefer war such as the expedition to conquer the north by Emperor Xiaozong. To conclude, the writer show that the interrelation between the price and the warfare campaign of the expedition to conquer the north in the first year of Longxing.

Statistics

  • 326 Viewed
  • 1 Downloaded

Tools

Issue List

Citation status

* References for papers published after 2023 are currently being built.

Basic Search Advanced Search