Research On The Credit Problem In Pre-qin Period

With the emergence of commodity exchange,and private ownership,credit in the modern sense is created,based on the emergence and development of the credit concept.Chinese society has ruled the country by virtue since ancient times.Rulers have always attached great importance to the role of moral ethics in social governance,and trust as an important part of moral requirements runs through the political,economic and cultural aspects of social life.China's exploration of credit practice and construction is very early.As early as the Western Zhou Dynasty,it began to establish official lending institutions,formulate corresponding rules and regulate the behavior of lending,therewith credit currency has also made great progress.During the Eastern Zhou Dynasty,a serious crisis of trust emerged.All parties made various attempts to restore credit order,such as holding alliances meeting and inter-country hostage exchange,however,the results were unsuccessful.It is generally believed that it was caused by the collapse of system of rites and music and it is also inseparable from major changes in the social structure caused by the development of social productive forces.