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Books > History > History of specific subjects > Economic history
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The Evolution of Agricultural Credit during China's Republican Era, 1912-1949 (Hardcover, 1st ed. 2018)
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The Evolution of Agricultural Credit during China's Republican Era, 1912-1949 (Hardcover, 1st ed. 2018)
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In the modern era, China's rural credit landscape is transforming
at a dizzying rate, but, in terms of financial development, these
changes represent a second attempt in the past 100 years to reform
China's credit institutions and provide credit access to farmers.
The first period was during the Republican era, between 1912 and
1949, which saw the first attempts at formalizing rural credit with
the Industrial and Agricultural Banks. This book uses primary data
and papers to present a full picture of the difficult conditions
China faced during the Republican era in order to explain the
myriad reforms to the country's rural credit system. Fu and Turvey
build a narrative around these developments based on the foundation
of thousands of years of dynastic rule in order to explore the
specific impacts of drought, floods, famine, communist
insurgencies, Japanese expansionism, and more on credit access,
supply and demand. They consider powerful personalities-such as
J.B. Taylor, John Lossing Buck, Paul Hsu and Timothy Richards-and
influential institutions-from Nanking and Nankai Universities to
the China International Famine Relief Commission-that sought ways
to end the cycle that trapped the vast majority of Chinese farmers
in poverty. This rich, wide-ranging, and stimulating work will
appeal both to readers focused on present day China and those who
want to understand China's rural economy and credit policies in a
historical context.
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