In roughly five decades, between 1848 and 1899, more gold was removed from the earth than had been mined in the 3,000 preceding years. But friction between Chinese and white settlers on the goldfields of California, Australia and South Africa catalysed a global battle over “the Chinese Question”: Would the United States and the British Empire outlaw Chinese immigration?

This distinguished history of the Chinese diaspora and global capitalism chronicles how a feverish alchemy of race and money brought Chinese to the West and reshaped the nineteenth-century world—from Europe’s subjugation of China to the rise of the international gold standard and the invention of racist, anti-Chinese stereotypes that linger to this day. Drawing on ten years of research across five continents, prize-winning historian Mae Ngai argues that Chinese exclusion was not extraneous to the emergent global economy but an integral part of it.