Advertisement

Financing the War

Chapter
  • 218 Downloads
Part of the Palgrave Studies in the History of Finance book series (PSHF)

Abstract

Jacob Schiff committed to the first loan to Japan in spring 1904, at a time that negotiations between Japan’s financial commissioner, Takahashi Korekiyo, and the English banking syndicate had reached a stalemate. Japan had won only one battle in its war against Russia, a land engagement on 1 May known as the Battle of the Yalu River. This occurred just three days before Schiff agreed to participate in the loans. Schiff’s intent to commit came before any other bank acted in recognition of this early display of Japan’s military prowess. Yet Schiff’s decision enabled all principals’ interests to coalesce.

Keywords

Takahashi Korekiyo Lord Revelstoke Japanese Loans Baring Brothers Imperial Japanese Government 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Copyright information

© The Author(s) 2018

Authors and Affiliations

  1. 1.National Real Estate ForumBeverly HillsUSA

Personalised recommendations