The Monetary Reform In Xianfeng Dynasty

Since the First Opium War, the Qing Government has been under enormous financial pressure, but when the Xianfeng Era accompanied by the rise of the Taiping Rebellion, the fiscal problems already stretched.In order to solve the financial difficulties, the Qing Government tried many methods,such as official salary cuts, to donate, collect taxes on business, borrow money,but can effectively solve the problem.Under the frustration, Xianfeng Dynasty had to begin a decade of monetary reform.Xianfeng Dynasty of monetary reform is not an isolated problem, but in the profound social background and product under the action of various factors.In the monetary reform process, with the heated discussion of officials and the public,and adjust the direction of the reform for many times.In metal currency and paper currency under double reform of two dimensions, although to a certain extent alleviate the pressure to raise rates, but it has brought the profound influence.The life of people increasingly poor, the Qing Government’s fiscal problems increasingly serious, between central and local fiscal power pattern quietly changed, money and the monetary system of parallel began to crumble.Monetary reform have failed, in addition to the direct cause of Taiping Rebellion, more is subject to the limitations of time.Leader does not have the modern ideas of finance, also do not grasp the basic monetary theory, make the reform process is full of trial and blindness.From Xianfeng Dynasty monetary reform problem, can be summed up many lessons, for our reference.