1934—1935年白银货币危机对中国农业影响分析

The Impact of Silver Monetary Crisis in 1934-1935 on Chinese Agriculture

中国自20世纪初失去世界白银边际购买者身份后,中国白银货币的价格走向由世界白银商品价格决定。1934年世界银价出现非理性暴涨,中国银价也随之上扬。受国内货币购买力所限,中国银价的涨幅远低于世界银价的同期涨幅,导致中外白银价格悬殊。因此,中国白银被大量运出国外。白银大量流失导致中国发生了严重的货币危机。在白银货币危机的冲击下,中国自给自足的小农经济也遭遇重创,中国举步维艰的农业发展遭受巨大损失。

Due to the fact that China did not produce silver by itself in the early 20th century, its domestic monetary silver basically relied on foreign markets. When international silver price suddenly rose irrationally in 1934, the silver price of China also rose. Subject to its national constraints, China could not afford to purchase International Silver to balance and stabilize its domestic price of sil- ver, as a result massive outflow of Chinese domestic silver occured. Affected by this, silver curren- cy crisis happened in china. In the silver crisis, small-scale peasant economy of self-suffieieney of China suffered heavy losses, and China＇s struggling agricultural development suffered a heavy blow as well.