Kabunakama
Encyclopedia
Kabunakama were merchant guilds in Edo period
Japan
, which evolved out of the more basic merchants' associations known as nakama. The kabunakama were entrusted by the shogunate to manage their respective trades, and were allowed to enjoy a monopoly in their given field.
Some kabunakama, known as gomen-kabu, were even allowed to set prices and manage the operations of other nakama. Though the shogunate originally opposed monopolies, they eventually gave in to the increasing numbers and organization of merchants' associations, and decided to make an attempt to control them by officially licensing them. In 1721, the government began to authorize individual nakama to become kabunakama (kabu refers to "shares
", though these were themselves not tradeable), and to oversee the organization and trade within given fields. The goal was to encourage cooperation, not competition, and always to work towards the goal of advancing the economy. It is said that these groups became quite social and merchants' moral codes thus developed to a significant degree. Those who were not following ethical market behavior, behaving uncooperatively, or encouraging competition, were shunned by their kabunakama comrades, and likely by the larger market community.
The structure was originally created to replace older guilds, known as za
, and by 1785, there were over one hundred kabunakama in Osaka
alone, including a number granted special privileges by the shogunate, but taxed heavily in exchange. Some of these were groups entrusted and authorized to control the nation's trade in precious metals, iron, and copper.
In the 1840s, rōjū
Mizuno Tadakuni
attempted to do away with the kabunakama, in order to combat monopolies, but this and many of his other reforms were resisted so strongly by the merchants of Osaka (and others) that he was forced to abandon his efforts. The kabunakama were all dissolved, however, in 1870 as the economy modernized and new forms of business associations appeared.
Edo period
The , or , is a division of Japanese history which was ruled by the shoguns of the Tokugawa family, running from 1603 to 1868. The political entity of this period was the Tokugawa shogunate....
Japan
Japan
Japan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...
, which evolved out of the more basic merchants' associations known as nakama. The kabunakama were entrusted by the shogunate to manage their respective trades, and were allowed to enjoy a monopoly in their given field.
Some kabunakama, known as gomen-kabu, were even allowed to set prices and manage the operations of other nakama. Though the shogunate originally opposed monopolies, they eventually gave in to the increasing numbers and organization of merchants' associations, and decided to make an attempt to control them by officially licensing them. In 1721, the government began to authorize individual nakama to become kabunakama (kabu refers to "shares
Share (finance)
A joint stock company divides its capital into units of equal denomination. Each unit is called a share. These units are offered for sale to raise capital. This is termed as issuing shares. A person who buys share/shares of the company is called a shareholder, and by acquiring share or shares in...
", though these were themselves not tradeable), and to oversee the organization and trade within given fields. The goal was to encourage cooperation, not competition, and always to work towards the goal of advancing the economy. It is said that these groups became quite social and merchants' moral codes thus developed to a significant degree. Those who were not following ethical market behavior, behaving uncooperatively, or encouraging competition, were shunned by their kabunakama comrades, and likely by the larger market community.
The structure was originally created to replace older guilds, known as za
Za (guilds)
The ' were one of the primary types of trade guilds in feudal Japan.- Origins and purpose:They grew out of protective cooperation between merchants and temples and shrines; merchants would travel and transport goods in groups, for protection from bandits and the vacillating whims of samurai and...
, and by 1785, there were over one hundred kabunakama in Osaka
Osaka
is a city in the Kansai region of Japan's main island of Honshu, a designated city under the Local Autonomy Law, the capital city of Osaka Prefecture and also the biggest part of Keihanshin area, which is represented by three major cities of Japan, Kyoto, Osaka and Kobe...
alone, including a number granted special privileges by the shogunate, but taxed heavily in exchange. Some of these were groups entrusted and authorized to control the nation's trade in precious metals, iron, and copper.
In the 1840s, rōjū
Roju
The ', usually translated as Elder, was one of the highest-ranking government posts in Tokugawa Japan. The term refers either to individual Elders, or to the Council as a whole; under the first two shoguns, there were only two Rōjū...
Mizuno Tadakuni
Mizuno Tadakuni
was a daimyō during late-Edo period Japan, who later served as chief senior councilor in service to the Tokugawa Shogunate. He is remembered for having instituted the Tenpo Reform.-Biography:...
attempted to do away with the kabunakama, in order to combat monopolies, but this and many of his other reforms were resisted so strongly by the merchants of Osaka (and others) that he was forced to abandon his efforts. The kabunakama were all dissolved, however, in 1870 as the economy modernized and new forms of business associations appeared.