A Study Of The Weak Money In The Wei, Jin And The Southern And Northern Dynasties

The monetary system nationwide, in the Wei Jin Southern and Northern Dynasties was always in the state of chaos and collapsedue to the split state most of the time. O n the one hand, various kind of Bad Money appeared in large numbers, exerting serious impact on the economy and social development.O n the other hand, the Physical C urrency in the economy circulation always occupied an important position. In the maintenance of the basic circulation demand,it also restricted the social economy to a higher level o f development,and the Q uality deterioration of Physical C urrency was also a negative economic phenomena and serious social problem.Starting from the casting and circulation of the Bad Money,the Physical Currency’s activity and Quality deterioration as a Research Perspective, thesis goes deep into the change and development of monetary system,and the theory, processing measures and experience about Bad Money in Wei Jin Southern and Northern Dynasties, trying to reveal the Bad Money’s behavior and characteristics on the decline of WuzhuCoins system, and itsthe effect on politics, economy, culture in this period of time,in expectation of some useful historical reference.The thesis is mainly divided into five parts: respectively, the study of the currency circulation and the Bad Money problem before the Wei and Jin Dynasties,the activity and Quality deterioration of the Big Coins of worth, the Small Coins, the Physical C urrency, and the Understanding and ideas about Bad Money in the Wei Jin Southern and Northern Dynasties. On this basis, it summaries and and discusses the basic characteristics, main causes and social impact of the Bad Money flooding.Study shows, as the basic characteristics of the currency circulation of the Wei Jin Southern and Northern Dynasties, the Bad Money flooding positively alleviated the Money Shortageto a certain extent, but it created the underlying problem of a long-term chaos of monetary system and economic order,resulting in the demise of WuzhuCoins system and the rise of TongbaoCoins system.In this process, thePhysical Currency plays a role of maintaining social economic needs of the most basic circulation,but when the Physical C urrency becoming the major currency, its disadvantage of Quality deterioration and the negative effect would amplify apidly and causesocial disorder and the disorder of economic circulation, reflecting the fact that it would be unable to bear the task of major currencies, although the Physical Currency wouldn’t disappear all of sudden in the era of Metal money.Under the background of the Bad Money flooding, People in the WeiJinSouthern and Northern Dynasties put forward many kinds of opinions or suggestions about the Bad money.Some people thought that the Bad Money flooding should be attacked severely,and some people thought that the Bad Money floodinghad its rationality, while some other people thought thatthe Metal money should be replaced with the Physical C urrency.Although some of these opinions or suggestionsdid not have a big impact, some had become the country’s monetary policy.Without a correct understanding of the nature of the currency and its laws of circulation, however,most of these opinions or suggestionsfailed to obtainits the expected results.