Der russisch-japanische Krieg und die japanische Volkswirtschaft

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Monograph

Identifikator:: 882699261

URN:: urn:nbn:de:zbw-retromon-4781

Document type:: Monograph

Author:: Kanbe, Masao http://d-nb.info/gnd/11603548X

Title:: Der russisch-japanische Krieg und die japanische Volkswirtschaft

Place of publication:: Leipzig

Publisher:: A. Deichert'sche Verlagsbuchhandlung Nachf. (Georg Böhme)

Year of publication:: 1906

Scope:: 1 Online-Ressource (74 Seiten)

Digitisation:: 2017

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

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Document type:: Monograph

Structure type:: Chapter

Title:: I. Teil. Einfluß der japanischen Volkswirtschaft auf den russisch-japanischen Krieg

Collection:: Economics Books

32 THE WORK OF THE STOCK EXCHANGE markets were already clearly differentiated. Of the nineteen fora of Rome, those devoted to the purchase and sale of com- modities were known as the fora vendalia, while the bankers and usurers (or argenmtarii) used to take their stand in the fora civilia or judicialia, where political activity centered and where popular assemblies and courts of justice were held. The chief forum of Pompeii reveals to the modern tourist an impos- ing building where the local money-lenders used to conduct their business. Of the exact extent of financial operations in those days little is really known. But some of the comments upon the daily life in Rome made by the later satirists are of interest to the Wall Street banker and broker of today. “Why,” asks Juvenal'—no feeble “‘muckraker,” even by modern stand- ards—*‘do you look as woebegone as Creperius Pollio when he goes around offering a triple rate of interest and can find no fool to trust him?” The perennial outcry that the interest rates are “juggled by insiders” for their benefit is at least as old as Persius, who qualifies a sentence with the significant clause, “if by some crafty trick you flog the money market with a whipcord.” Mediaeval Markets.—In the Dark Ages which followed the fall of Rome, civilization was too unstable to permit any con- siderable development of either financial or commercial mar- kets. But in the succeeding Middle Ages, wandering and peri- odic fairs sprang up in response to the eternal forces of supply and demand, even in the face of precarious political conditions and a hostile theology. As long as the volume of trading was so small that periodic markets sufficed to handle the business, and as long as the goods to be purchased or sold had to be brought into the market for close inspection piece by piece, fairs proved to be the most adequate form of market attainable. But when dealings grew sufficiently active, a permanent rather than an intermittent form of market became necessary. Also, 1¢“Non erit hac facie miserabilior Creperius Pollio qui triplicem usuram praestare paratus circumit et fatuos non invenit?” (Juvenal, Satire IX, 11, 6-8.) «of puteal multa cautus amarum vibice flagellas.” (Persius, Satire IV, 1, 49.)

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