Changes

In addition, [[rice brokers]], forerunners to a modern banking system, came to prominence at this time in Osaka, and were among the first futures exchanges in the world. Brokers took ''[[koku]]'' of rice from samurai, who were paid their stipends in that form, either paying the samurai in coin or holding onto the rice as a bank would, and issuing paper bills, representations of value. The brokers would then make loans of this rice to others, at high rates of interest. Networks of rice brokers across the country, acting as branch operations of the central exchange in Osaka, helped to ensure that samurai could have access to their funds wherever it was needed. The central exchange in Osaka, at [[Dojima Rice Exchange|Dôjima]], was organized in 1697 and formally sanctioned and supported by the shogunate beginning in 1773.

In addition, [[rice brokers]], forerunners to a modern banking system, came to prominence at this time in Osaka, and were among the first futures exchanges in the world. Brokers took ''[[koku]]'' of rice from samurai, who were paid their stipends in that form, either paying the samurai in coin or holding onto the rice as a bank would, and issuing paper bills, representations of value. The brokers would then make loans of this rice to others, at high rates of interest. Networks of rice brokers across the country, acting as branch operations of the central exchange in Osaka, helped to ensure that samurai could have access to their funds wherever it was needed. The central exchange in Osaka, at [[Dojima Rice Exchange|Dôjima]], was organized in 1697 and formally sanctioned and supported by the shogunate beginning in 1773.

In short, a wide variety of economic developments combined in this period with the widespread reclamation of land for agricultural purposes, and the intensification of agricultural production to create a powerful trend of growth over the 17th century, which ended around the turn of the century, leading to a long period of stasis and relative prosperity.

In short, a wide variety of economic developments combined in this period with the widespread reclamation of land for agricultural purposes, and the intensification of agricultural production to create a powerful trend of growth over the 17th century. Land reclamation took place chiefly in the [[Tohoku|northeastern]] and southwestern parts of the archipelago, which had been relatively undeveloped until then. Over the course of that hundred-year period, the total agricultural production of the archipelago is believed to have increased by about 40%, from 18 million ''koku'' to 25 million, in large part due to expanded use of fertilizer, improved tools and techniques, and practices such as double and triple cropping.<ref>Ravina, ''Land and Lordship'', 7.</ref> This growth slowed considerably after the turn of the century, however, leading to a long period of stasis and relative prosperity.

===Genroku===

===Genroku===