The Manchurian Warlord's Financial Reform From 1917 To 1926

The Manchurian warlord's financial reform confronted with bad status, when the Manchurian warlord ruled Northeast on initial stage. In order to get rid of the Northeastern economical difficult position,financial income reform came into being in 1917.That reform lead by Wang Yong-jiang singed the beginning of the Manchurian warlord's financial reform. After seriously defeated in the first ZhiFeng war in 1922, The Manchurian warlord started their military force straight to prepare for wars. The financial reform continued in this period and made some progress. The Manchurian warlord not only turned the Northeastern economy to better, but also made some victory on the diplomatic wars. With the Manchurian warlord scrambled the military, Zhang Zuo-lin continued the war. Finally, the war lead the financial reform to the failure. In 1926, Wang Yong-jiang resigned, that signed the failure of the financial reform.The Manchurian warlord's financial reform from 1917 to 1926, which the basic goal was for their rule. The reform caused the Fengtian's revenue increase , and what is more, the agriculture, the industry, the trade and the education had made certain development. But, the wealth created during the reform had massively consumed by the Manchurian warlord in the war. The financial fund had consumed by the Manchurian warlord's huge military expenses. Another reason was the high tax rate. Still another reason was corrupt. Although in the beginning of the reform,the northeast economy recovered,and the Fengtian's political situation was also stable. But the unreasonable tax burden evoked the peasants resisting. The inflation also perplexed the Manchurian warlord's government. The Manchurian warlord's financial reform had failed, however, it was still a shining page that could never erased from history.