Abstract
This chapter explores the evolution of the cooperative financial system from the time of rural reconstruction through the end of the Republican era. It discusses the various banks involved and the institutional guidelines that promoted agricultural cooperation, and provides a numerical summary and numbers of institutions involved in rural credit.
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Notes
- 1.
Yijin Lin. (1941). Chinese Government Banks in War Time, The Central Bank of China Bulletin, V.7 No.1, p. 23.
- 2.
Principle of People’s Livelihood was one of the Three Principles of the People, which also translates as Three People’s Principles or San-min Doctrine established by Sun Yat-sen . The three principles relate to nationalism, democracy, and the livelihood of the people where livelihood sought sufficiency in clothing, food, housing, and healthcare.
- 3.
The term ‘bandits ’ in this context did not refer to roving warlords or robber forces, but specifically to communists operating in these areas.
- 4.
Jian-cheng Lai. (1990). Cooperative Movement in Modern China, Taiwan : Zhengzhong Press, p. 147.
- 5.
- 6.
Walter H. Mallory. (1931). Rural Cooperative Credit in China: a record of seven years of experimentation summary, The quarterly Journal of Economics, V.45 No.3.
- 7.
Jian-cheng Lai (1990). Cooperative Movement in Modern China, Taiwan : Zhengzhong Press, p. 3.
- 8.
Basically the cooperative treasury was founded to finance cooperative societies, and was not for profit. It was some kind of cooperative bank, but was not named as a cooperative bank, because as Chiang kai-shek said, “it’s different from a bank in nature”.
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Fu, H., Turvey, C.G. (2018). Evolution of the Cooperative Financial System: 1927–49. In: The Evolution of Agricultural Credit during China’s Republican Era, 1912–1949. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-76801-4_10
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DOI: https://doi.org/10.1007/978-3-319-76801-4_10
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Publisher Name: Palgrave Macmillan, Cham
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