The Foreign Exchange Question Of Currency Reform In National Government

Introduction. the financial history research has now become an important aspect in Chinese economic history research area, and the foreign exchange question originally is a financial.In my know from the finances question to 20th century 30's, the modern Chinese finance is blustery, and the currency system orientation has attracted various countries focusing attention on.Thereupon the currency reformthen that had thevital significance in our country currency historyto become the object which all previous dynasties scholar studied. In this section, mainly introduced some currencies basic theory knowledge in the finance study.The foreign exchange,the exchange rate,the exchange rate theory and exchange rate decision foundation,and the later separately has carried on the relativity description from the gold standard and the paper money standard .In brief,this is the premise, because you must have some certain theory knowledge,so you can unfolds the actual history.Section 1, historical background of the currency reform. The financial currency all is relates to the certain society's economic form.At the beginning of 20th century, as a result of the imperialism invasion, as well as each kind of influence existence in the country's domestic, has caused the national in a state of disunity.In the together influence of the Internal cause and the external factor,then reflected this kind of currency system cause the money system's unstable inside the economical domain.The domestic aspect mainly because of the kind of money system,and in the international background, mainly because at the end of 30's in the 20th century is the gold standard's collapse time, from this causes the change of the world's price of silver , then causes the removel of the gold and the price, finally enable the collapse of the silver standard, and can not but carry on the monetary reform.Section 2, The core content of the currency reform and the practical significance in its time. First has enumerated the six contents of the currency reform, then selects the sixth, namely this article's key research contents, to give a qualitative analysis, thus enable us to have a certain understanding to its foreign exchange remittance nature. Afterwards, also through a series of digit analysis, explained the currency reform to the practical significance of that time.Section 3,the foreign relations in the exchange rate decision. Although has the plan of the monetary reform, and has madea series of preparations, but pains to t the currency reserve and the shortage of forign exchange, at the same time under that historical condition, If has not obtained the support of the English and the America, then the monetary reform can be very difficult. Therefore, China positively develops with the America and the English's negotiations, hoped can find the merthod of solution difficult under the foreign cooperation. The English and America for the sake of the orient influence equilibrium, maintains and maneuvers Chinese finance, also displays the unusual care to the Chinese monetary reform. But the Japan then in order to have sole possession of the Chinese ,and worried the monetary reform can advance the Chinese economy to developing ,thus adopted many kinds of methods to resist and destroy. Therefore, revolves the Chinese monetary reform's formulation and implementation, profoundly reflected the complex and the subtle relations of the Chinese,American,English and Japanese.Section 4,The policy of foreign exchange market management in national government. The Shanghai foreign exchange market formation is arises at the historic moment along with the Shanghai foreign trade development, but it's bud,formed and the development has passed through nearly a century. The 20th century 30's, Shanghai has become the nation financial center, namely in the orient also is the illustrious financial strategic place. therefore, then might understand the entire Chinese finance situation from the analysis to the Shanghai montry market. This paragraph mainly analyzes from the unlimited business foreign exchange time and the control of foreign exchange time, and the latter divided the preliminary control foreign exchange and the Chinese and foreign union balance two stages .In brief, Detailed description the exchange market's situation which in the Shanghai.Section 5, conclusion. Simply introduced the appraisal and the historical model of the foreign exchange issue to the national government in the monetary reform. Regarding the appraisal of the 20th century 30's,40's monetary policies, the academic circles formerly always holds the basic negative manner, specially the foreign exchange remittance nature of the legal tender policy, Became the basis of the view of the colonized nature,reactionary and so on. But I think it does not matter to the appraisal of the legal tender policy of the former scholar, Because in different time, on account of the development gradualness of the legal tender policy itself as well as the change of international and domestic economic politics and so on, It's influence and the function is impossible to be invariable. Therefore I explained its progressive significance in the earlier time of the exchange policy from four aspects ,such as: the better change of the money market, the stable of the price, the increase of the trade exportation and the better change of the industry and agriculture production and so on.