A Study Of Private Note In Late Qing And Early Republic Of China At Northeast

Private note is a regional, non-complete functional currency, Its circulation is generally confined to a certain area, And in the process of circulation can only be part of the performance of monetary functions. Private note issuer is private banking, store, and other industry and commerce departments.or county finance bureau, county government, and so on other grassroots authorities.or the chamber of Commerce. Northeast region appears private note show the natural economy in Northeast China from a feudal to a modern capitalist commodity economy transition. It essentially reflects the transitional characteristics from the demise of the feudal monetary system to the establishment of the capitalist monetary system.Private note as a special financial product in the special historical period in Northeast China, Therefore, this article aims to explore its causes, influence the release process functions as well as its economic development was the Northeast. Modern Northeast region from feudal economy into a semi-feudal economy, The transformation of the economic base is bound to cause the change of the economic system, and the reform of the currency is the forerunner of the economic system reform. At that time, the northeast traditional monetary silver money has been unable to adapt to the economic development, so the new currency will replace the silver money.But at that time located in the Northeast Frontier, plus after the Qing dynasty, the Northeast region has been in turmoil separatist situation, Therefore, in a long period of time, there was no new statutory currency to fully meet the development of the economy at that time. But the development of the northeast economy needs the support of the currency. Therefore, the emergence of private posts will be very good to meet the needs of economic development at that time. So private posts as a regional transitional currencies, have its economic rationality, but essentially reflects the modern northeast economic development.Based on such considerations context, conduct chapter choreography. In addition to the introduction and conclusion. The paper is divided into three chapters. The first chapter is the introduction of Modern Northeast monetary system, development of modern economy in Northeast China, and the situation of immigrants in the northeast of modern times, these are the background of private posts issued. The second chapter is the circulation and function of private posts. This chapter mainly introduced the private post issuance, circulation of private posts, as well as the functions of the private economy in the post in circulation. Because the issuing organs of private posts are diverse, the specific functions of the private posts issued by different agencies in the economic circulation are different. The last chapter introduces the ban on private posts. Private posts through years of development, and gradually form a spamming trends. At this time the private quote of the northeast economic development to is hindered, so banning private posts became the northeast economic unity of the important measures. The conclusion part summarizes the full text, and to evaluate the private posts.