Research Of The Cotton & Wheat Loan

May 29, 1933, the Nanking Nationalist Government, Vice Premier and Minister of Finance TV Soong with the United States of the Reconstruction Crop to signed the Cotton &Wheat Loan .After the Cotton &Wheat Loan signed, the two sides issued a statement, saying that "This is between the two countries with vested interests, not only to reduce the large surplus of U.S. goods, but also to encourage the revival of the economy and indirectly benefit to the world price, to China, the Cotton & Wheat Loan can famine relief in the Mainland. "Academic circles also mostly concerned about the loan itself and its impact between the United States and China, there is lack of a comprehensive study. In this paper, there is a basic clue that is the signing of the Cotton & Wheat Loan, from the background of its signing, content, the community response to the Cotton & Wheat Loan and the impact of the loan to Chinese society in-depth discussion of aspects.This paper consists of three parts. The first part main investigate the signing of the historical background of the Cotton & Wheat Loan. The Cotton & Wheat Loan was founded under the circumstances of the increasingly intensified ethnic conflicts between China and Japan, TV Soong trip to Europe, the objective of Nanking Government is to seek help from America and British to check the Japanese, especially the development of economic ties with the United States .Though the development of the economic to enhanced the national strength. To the United States, the Cotton & Wheat Loan. is dumping its surplus agricultural products to China, it is an important way to pass the economic crisis, but there are not deny that it is a pressure to the Japanese, it is said that there is a way to resist Japanese aggression against China's assistance to make a gesture, to a certain reflects the extent of Roosevelt's strategic considerations and political vision. The second part analyzes the various strata of Chinese society's response to the Cotton & Wheat Loan.National Government's attitude is inconsistent on the borrower, there are proponents and opponents, there are watchers; Communist China is firmly opposed and sharply expose the KMT′s main purpose is to destroy the borrower the Communist Party to undermine the Chinese revolution, while increasing the burden on the people, undermine the rural economy ; the business community and intellectuals are more objective evaluation of the pros and cons, that was the shortage of cotton and wheat to natural disasters in China, if there is implementation of the plan, the possible solutions to the prevailing embarrassment, relief in rural areas; if for the "bandits" , in the country and the people are harmful. The third part of the quantitative analysis by the method of loan agreements entered into effect on Chinese society, focusing on its Effect on the Shanghai market, textile industry and rural China. Cotton and wheat loan from the effectiveness point of view, it brings to the KMT authorities on financial and economic assistance as well as the negative impact of the domestic economy are not the original people think big. Nanking National Government obtained through this loan, mainly political, diplomatic benefits.