On a December morning in 1925, a newspaper journalist reported receiving 25 different handbills in an hour's walk in downtown Tokyo, advertising everything from Western-style clothing and furniture to sweet shops, charity organizations, phonograph recordings, plays, and films. The activities of advertisers, and the new entertainment culture and patterns of consumption that they promoted, helped to define a new urban aesthetic emerging in the 1920s.
This book examines some of the responses of Japanese authors to the transformation of Tokyo in the early decades of the twentieth century. In particular, it explores the themes and formal strategies of the modernist literature that flourished in the 1920s, focusing on the work of Hagiwara Kyojiro (1899-1938) and Hayashi Fumiko (1903-1951). William Gardner shows how modernist works offer new constructions of individual subjectivity amid the social and technological changes that provided the ground for the appearance of "mass media." Hagiwara's conception of the poem and poet as an electric-radio "advertising tower" provides an emblem for the aesthetic tensions and multiple discourses of technology, media, urbanism, commerce, and propaganda that were circulating through the urban environment at the time; while Hayashi's work, with its references to popular songs, plays, and movies, suggests an understanding of "everyday life" as the interface between individual subjectivity and a highly mediated environment.
In ten original essays, American Cinema of the 1920s examines the film industry's continued growth and prosperity while focusing on important themes of the era.
In 1908, a very public crusade against opium was in full swing throughout China, and the provincial capital and treaty port of Fuzhou was a central stage for the campaign. This, the most successful attempt undertaken by the Chinese state before 1949 to eliminate opium, came at a time when, according to many historians, China’s central state was virtually powerless. This volume attempts to reconcile that apparent contradiction.
The remarkable, albeit temporary, success of the anti-opium campaign between 1906 and 1920 is as yet largely unexplained. How these results were achieved, how that progress was squandered, and why China’s opium problem proved so tenacious are the questions that inspired this volume. The attack on this social problem was led by China’s central and provincial authorities, aided by reformist elites, and seemingly supported by most Chinese. The anti-opium movement relied on the control and oversight provided by a multilayered state bureaucracy, the activism and support of unofficial elite-led reform groups, the broad nationalistic and humanitarian appeal of the campaign, and the cooperation of the British government. The extent to which the Chinese state was able to control the pace and direction of the anti-opium campaign and the evolving nature of the political space in which elite reformers publicized and enforced that campaign are the guiding themes of this analysis.
A new history of crisis responses in the central bank’s formative years.
The long-standing description of the Federal Reserve as a “lender of last resort” refers to the central bank’s emergency liquidity provision for financial entities in periods of crisis. As Mark Carlson shows, this function was foundational to how the Fed was designed but has, at times, proven challenging to implement. The Young Fed examines the origins of the Federal Reserve’s emergency liquidity provision which, along with the setting of monetary policy, has become a critical responsibility.
Focusing on the Fed’s response to the financial crises of the 1920s, Carlson documents the formative deliberations of central bank policymakers regarding how to assist banks experiencing distress; the lessons that were learned; and how those lessons shaped subsequent policies. Carlson depicts an early Fed that experimented with a variety of approaches to crises, ranging from bold spectacles featuring cash-filled armored cars to behind-the-scenes interventions to prevent inducing panics or bank runs. The Young Fed weaves previously unpublished material from the Fed archives into a watershed work in American economic history: a deeply sourced account of how the world’s most important central bank became a lender of last resort.
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