Warlord During The Reign Of The Central Finance Research

This paper makes a thorough study on the central finance in the Zhili Warlord Clique ruling period. It has three parts: 1. the financial situation at the beginning of the Zhili Warlord Clique ruling period. Viewpoint: Due to the accumulated malpractice, the financial situation was very bad when Zhili Warlord Clique came to power. 2. the analysis of central finance. The paper makes an analysis about the central finance in Zhili Warlord Clique ruling period on aspects of financial idea, financial policy, financial measures, financial management and financial consequence. Viewpoint: The financial idea and policy are that leading aim is to raise money for subsistence. Major financial measures are: borrowing money, tax revenue, extorting and reducing soldiers and staff. The efforts in seeking money resources and cutting expenditure end in failure. Their financial measures fail to reach the aims of improving finance and removing difficulties. As far as the financial running concerns, the financial management is in utter disorder and the supervision is invalid. The financial consequences are financial bankruptcy and the collapse of the political power. 3. the characteristics of central finance. On the basis of the above analysis, the paper holds that the characteristics of the central finance are: (1) no wealth and no politics. The money resources are cut off and the central financial administration is always confusing. (2) internal and external difficulties. In the Zhili Warlord Clique ruling period, the central finance faces an internal and external environment which is worse than any other ruling period and to some extent accelerates the finance deterioration. (3) The bankruptcy is because of itself. The separation and the corruption result in the bankruptcy of the central finance.