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CURRENCY REFORM IN 1930S CHINA AND THE AMERICAN SILVER POLICY:
A CASE ANALYSIS OF HOW CHINESE MONETARY POLICY
WAS INFLUENCED BY AMERICAN POLICY AND
CONTEMPORARY EAST ASIAN CIRCUMSTANCES
by
Feng Liu
A Thesis Presented to the
FACULTY OF THE USC GRADUATE SCHOOL
UNIVERSITY OF SOUTHERN CALIFORNIA
In Partial Fulfillment of the
Requirements for the Degree
MASTER OF ARTS
(EAST ASIAN AREA STUDIES)
December 2009
Copyright 2009 Feng Liu
Object Description
| Title | Currency reform in 1930s China and the American silver policy: a case analysis of how Chinese monetary policy was influenced by American policy and contemporary East Asian circumstances |
| Author | Liu, Feng |
| Author email | francis.f.liu@gmail.com; fengl@usc.edu |
| Degree | Master of Arts |
| Document type | Thesis |
| Degree program | East Asian Area Studies |
| School | College of Letters, Arts and Sciences |
| Date defended/completed | 2009-10-05 |
| Date submitted | 2009 |
| Restricted until | Unrestricted |
| Date published | 2009-10-28 |
| Advisor (committee chair) | Cooper, Eugene |
| Advisor (committee member) |
Chen, Baizhu Lin, Thomas |
| Abstract | This thesis analyzed Chinese currency reform initiated by Nanjing nationalist government in 1935. A series of historical material demonstrated that this currency reform was Chinese government’s response to silver crisis caused by Silver Purchase Act of the United States. Yet further scrutiny proved that this currency reform move was also a key component of China’s comprehensive plan in resisting Japan’s highly feasible invasion following seizure of North-east China. In other words, research on Chinese currency reform should consider context of early 1930s’ East Asian circumstances. In addition, further research revealed that currency reform was an organic part of Nanjing nationalist government’s reform and construction move during the “golden decade” lasting from 1927 to 1937.; Without American Silver Purchase Act and Japanese invasion, this legal tender currency reform would still occur; early 1930s’ East Asian circumstances and silver crisis just precipitated this currency reform. However, American Silver Purchase Act really excited this currency reform.; During this case analysis, the author tried to uncover connection between a domestic bill of the United States and a milestone in Chinese monetary history. As this connection exists today, the author tried to provide a mirror to today’s Sino-American relationship through the revelation of such connection. This is of primary importance when bonds between China and the United States are never so tightly linked because of globalization and current economic crisis. |
| Keyword | Chinese currency reform; American silver policy; East Asian circumstances; 1930s |
| Geographic subject (country) | China; USA |
| Coverage date | 1927/1937 |
| Language | English |
| Part of collection | University of Southern California dissertations and theses |
| Publisher (of the original version) | University of Southern California |
| Place of publication (of the original version) | Los Angeles, California |
| Publisher (of the digital version) | University of Southern California. Libraries |
| Provenance | Electronically uploaded by the author |
| Type | texts |
| Legacy record ID | usctheses-m2699 |
| Rights | Liu, Feng |
| Repository name | Libraries, University of Southern California |
| Repository address | Los Angeles, California |
| Repository email | http://www.usc.edu/isd/libraries/services/ask_a_librarian/email/ |
| Filename | etd-LIU-3300 |
| Archival file | uscthesesreloadpub_Volume32/etd-LIU-3300.pdf |
Description
| Title | Page 1 |
| Full text | CURRENCY REFORM IN 1930S CHINA AND THE AMERICAN SILVER POLICY: A CASE ANALYSIS OF HOW CHINESE MONETARY POLICY WAS INFLUENCED BY AMERICAN POLICY AND CONTEMPORARY EAST ASIAN CIRCUMSTANCES by Feng Liu A Thesis Presented to the FACULTY OF THE USC GRADUATE SCHOOL UNIVERSITY OF SOUTHERN CALIFORNIA In Partial Fulfillment of the Requirements for the Degree MASTER OF ARTS (EAST ASIAN AREA STUDIES) December 2009 Copyright 2009 Feng Liu |
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