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1937年抗战前夕,法币发行总额不过14亿余元,到日本投降前夕,发行额已达5000亿元。国民政府滥发纸币、放任通货膨胀的政策,使当时的法币极度贬值,信誉扫地。1946年国共内战爆发以后,国民政府为了解决财政危机、筹集战争经费,更加肆无忌惮地滥发纸币,致使国统区的经济和民生几近崩溃。1948年,法币贬值到连本身纸张价值都不如的地步,广东一家造纸厂竟然买进800箱票面100~2000元法币当作造纸原料。国民党内部也早已出现要求进行货币改
On the eve of the war of resistance against Japan in 1937, the total amount of renminbi issued was only 1.4 billion yuan. Before the Japanese surrender, the circulation reached 500 billion yuan. The national government junk money bills, letting inflation policy, the devaluation of the legal currency at the time, the credibility of sweeping. After the KMT-CPC civil war broke out in 1946, in order to solve the financial crisis, the National Government raised funds for the war and more unscrupulously spilled banknotes, resulting in the near collapse of the economy and livelihood of the KMT. In 1948, the devaluation of the French currency was not as good as the value of its own paper. A paper mill in Guangdong actually bought 800 boxes of nos. 100 to 2,000 yuan as the papermaking raw material. There have also been calls for currency changes within the Kuomintang