A Study On The Unification Of Northeastern Currencies Under Manchukuo (1932-1937)

September 18,1931, the Japanese Kwantung Army attacked Beidaying Shenyang, Mukden Incident broke out. After a few days, the Japanese Kwantung Army quickly swept Northern China. In the Japanese imperialist plan, on the one hand, the Japanese Kwantung Army plan to support Puyi to establish a puppet regime-Manchukuo; On the other hand, the Japanese Kwantung Army control the Northern economy intensifily and manipulated the financial markets, establishing the Central Bank of Manchukuo. Laying the foundation for a colony of the financial system, the key to achieve a unified currency is gradually recycling old currency of Northern China in circulation, issuing new currency. June 1932 puppet government promulgated "Currency Law" to force collection of various old currencies. June 27 the same year as the Ministry of Finance issued the "Old money order approach" and "The old and new currency exchange rates," In the process of redemption, the Central Bank of Manchukuo provide different account of the specific measures to collect various old currencies.This article aims to explore the redemption of the old currency is an important measure for Manchukuo regime to penetrate Northeast in financial. It includes the preparation before their redemption, the redemption process and the effect on the entire Northeast. Before the establishment of Manchukuo regime, the Northern financial markets presents a chaotic situation, miscellaneous financial institutions:including local Eastern Province Official Bank, private banks, businesses、financial institutions, foreign bank; Some of these financial institutions have a right to issue currency, resulting in complex currency:banknotes and coins exist, currency gold, copper and silver currency exist. Meanwhile some local governments issued special currency in circulation. They usually have a long history. So we want to force redemption of old currency in a short time to achieve currency unification. So, the Manchukuo regime faced difficult complex problems.Based on such considerations, I conduct chapter choreography. In addition to the introduction and conclusion, it is divided into three chapters. The first chapter introduces currency situation of the Northeast region in circulation before Mukden Incident, depending on the standard of conduct currency. The second chapter describes the development of the establishment of Manchukuo central bank, the relevant laws and regulations of currency redemption, currency redemption process and the effectiveness. The third chapter analyzes the essence of aggressive and major impact under Manchukuo central bank during fourteen years of Manchukuo regime. This article mainly discusses aggressive of the puppet regime, in-depth analysis of the Japanese puppet regime redemption how to damage the finance of entire Northeast, causing a lot of loss for the people of the Northeast. The conclusion concludes the entire article and remarks the theme.