1992 | OriginalPaper | Buchkapitel
On the Consequences of the 1935 Currency Reform
verfasst von : Hongfei Ci
Erschienen in: The Chinese Economy in the Early Twentieth Century
Verlag: Palgrave Macmillan UK
Enthalten in: Professional Book Archive
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Most scholars (including those writing recently) have argued that the main historical consequences of the 1935 Nationalist currency reform were inflation and the formation of the bureaucratic monopoly capital of the Four Great Families. As shown below, the author believes such an analysis to be incorrect.