지원사업
학술연구/단체지원/교육 등 연구자 활동을 지속하도록 DBpia가 지원하고 있어요.
커뮤니티
연구자들이 자신의 연구와 전문성을 널리 알리고, 새로운 협력의 기회를 만들 수 있는 네트워킹 공간이에요.
초록· 키워드
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This paper analyzes the phenomenon of the sudden rise and decline in rice prices at the end of the Edo period. Specifically, it estimates a new price index based on the Mitsui clan’s price bulletins to explain abnormal fluctuations in rice prices.
While general commodity prices increased only two to three times over the one-year period from January 1866 to January 1867, rice prices increased by more than 10 times during the same period. The initial rise in rice prices was inspired by anxiety related to the Second Ch?sh? Expedition. After the defeat of the Tokugawa Shogunate, the monetary economy, which had been maintained through trust in the shogunate collapsed and people started to buy rice as a substitute investment. As rice prices soared, the shogunate introduced market competition into rice transactions, so that ordinary merchants who were not rice traders also became able to participate in this market. The shogunate hoped that free competition would lead to depreciated rice prices, but ordinary merchants hoarded rice as one facet of their investment activities, which led to even greater inflation.
However, rice was an investment that could not be stored for a long time: ordinary merchants did not possess storage technologies or large warehouses, and thus, when the stored rice got spoiled in the summer season, the merchants offloaded all of their stock at once. Consequently, rice prices declined sharply in 1867, just one year later.
While general commodity prices increased only two to three times over the one-year period from January 1866 to January 1867, rice prices increased by more than 10 times during the same period. The initial rise in rice prices was inspired by anxiety related to the Second Ch?sh? Expedition. After the defeat of the Tokugawa Shogunate, the monetary economy, which had been maintained through trust in the shogunate collapsed and people started to buy rice as a substitute investment. As rice prices soared, the shogunate introduced market competition into rice transactions, so that ordinary merchants who were not rice traders also became able to participate in this market. The shogunate hoped that free competition would lead to depreciated rice prices, but ordinary merchants hoarded rice as one facet of their investment activities, which led to even greater inflation.
However, rice was an investment that could not be stored for a long time: ordinary merchants did not possess storage technologies or large warehouses, and thus, when the stored rice got spoiled in the summer season, the merchants offloaded all of their stock at once. Consequently, rice prices declined sharply in 1867, just one year later.
목차
序論
第1章 幕末における米?の?高下
第2章 素人の米投資と米?暴騰
第3章 米投資の特質と米?暴落
結論
?考文?
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