Introduction: China in the silver standard influences of the international monetary system -- pt. I: The years of inflation and laissez-faire: economic trends prior to 1931. The silver standard: China in the international monetary system ; The coming of industrialization: the textile industry in the lower Yangzi Delta ; Companies in debt: the capital accumulation problem -- pt. II: The depression years, 1931-1937: the transformation of economics and politics. The agrarian depression ; Businesses in a slump ; The Shanghai financial crisis, 1934-1935 ; Coping with the crisis: the currency reform of November 1935 ; Reaches and limitations: economic policies and the nationalist government reconsidered -- Conclusion -- Appendix: Estimates of China's international balance of payments
Summary
The aim of this book is not merely to show that China could not escape the consequences of the Great Depression - in her case it led to a slump and forced her to adopt a new monetary system - but also to offer a new perspective for understanding Chinese history
