The Formation And Development Of International Financial Center In New York (1919-1945)

The Fourteenth National Congress of the Communist Party of China had been come up with construction of Shanghai international financial center as a national strategy. New York today as one of the important financial centre in the world, as well as its reference meaning is self-evident naturally. The purpose of this paper is to explore New York’s international center of finance formation and development of three important reasons, the strong national economy, appropriate government intervention and the circulation of world currency.The chapter1argues the United States economic. After the First World War, the United States from debtor to creditor, comprehensive strength development, especially economic strength. America’s economic strength has increased, as the New York international financial center development provides a strong national security. As more and more involved in international financial affairs in the United States, New York as the United States financial center conveniently took the stage of history, began to take on more international responsibilities, gradually become an international financial center.The second chapter discusses the Roosevelt’s New Deal and the development of the international financial center in New York. Roosevelt’s New Deal for the New York international financial center development provides the system safeguard. Big crisis is exposed in the field of finance. The practice of Roosevelt’s New Deal regulated financial sector of operation, open the government for financial regulation, from the system provides the guarantee for the development of international financial center in New York, made the corresponding specification.The third chapter tells the story of the dollar’s influence on the formation and development of international financial center in New York. The Bretton Woods System determines the dollar and gold, and keeps the stability of the exchange relationship with gold, other currencies pegged to the dollar, while the United States government has promised to other countries can have its own dollars at any time. Dollar as one of the most important international currency, this is New York as the world’s financial center laid the foundation currency system.In a word, the establishments of the international financial center in New York reveals the important of the strong national economy, appropriate government intervention and the circulation of world currency. The establishment of the China’s international financial centre, should adjust measures to local conditions, can not blindly.