A Study On The Development Of Privately Operated Industry During The First World War

China's national capitalism had been suffering oppresses from feudalism, bureaucratic capitalism and imperialism since it started from seed, and survived in the crevice, developed slowly. But during the First World War, China's national capitalism received the good development opportunity, made fully progress, many scholars called this time as 'Golden Age' and 'the Second Development Tide of Modern Industry'.This article starts with the angles of history and economics on the basis of occupying a large number of full and accurate historical materials, and tries to make objective appraisal on the development of China's privately operated industry during the First World War.This article contains four parts: the general situations of China's privately operated industry during the First World War; the characteristics of the departments; the chief causes and limitation of this capital and the influence of it during that time. The research result discovers the general situations of this capital are outstanding, including the rapid development of the light industry, the extension of the domestic market, the establishment of the center of Shanghai for industries in the country, the production of group enterprises. There were so many causes for the influence of the First World War, the support of the policy and the promotion of the nationalism. The development has positive and negative influence, and much of it was so far-reaching that it has been affecting nowadays, especially for privately operated enterprises.Above all, this article depends on the research foundation of scholars, from the comprehensive analysis and appraisal on the general situations, characteristics, chief causes and limitation for the privately operated industry during the First World War, statements some relevant data for nowadays. Such as the effect of the government in economy, the importance of the management in privately operated enterprises.