Advances in Economics, Management and Political Sciences

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Proceedings of the 3rd International Conference on Business and Policy Studies

Series Vol. 66 , 05 January 2024


Open Access | Article

War, Nationalism, and Money: The Monetary Policy of the CPC from 1937 to 1945

Junzhe Wang * 1
1 Fudan Unisersity, Shanghai, China, 200433

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 66, 91-96
Published 05 January 2024. © 2023 The Author(s). Published by EWA Publishing
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Citation Junzhe Wang. War, Nationalism, and Money: The Monetary Policy of the CPC from 1937 to 1945. AEMPS (2024) Vol. 66: 91-96. DOI: 10.54254/2754-1169/66/20241211.

Abstract

For classical economists, money is a colorless general equivalent. However, according to Zelizer, money is not colorless and has social meaning. According to this point of view, this paper mainly discusses the monetary policy of the Communist Party of China in the base areas of the Anti-Japanese War from 1937 to 1945. By using literature analysis, this article attempts to answer two questions: How did CPC give money social meaning, and how did this social meaning affect the use of money? The article points out that the money designed by the CPC has chosen specific patterns to display the spirit of nationalism and the political views of the CPC. After issuance, the CPC ensured the acceptance of the border money by promoting special alternative names for money and enacting relevant laws. Border money also gained a reputation for its social meaning.

Keywords

money, social meaning, the Communist Party of China, China's Anti-Japanese war, anti-Japanese base areas

References

1. Zelizer, Viviana. 1994. The Social Meaning of Money. New York: Basic Books.

2. Marx.Carl and Engels.F. 2009. Collected Works of Marx and Engels (Volume 1), compiled by the Compilation and Compilation Bureau of Marx, Engels, Lenin, and Stalin Works of the Central Committee of the Communist Party of China, People's Publishing House, pp. 247.

3. Simmel, Georg. 2011. The Philosophy of Money, trans. by David Frisby. Routledge.pp. 279-280, 373.

4. Habermas, Jurgen. The Theory of Communicative Action. Volume 1, trans.by Weidong Cao. Shanghai People's Publishing House, pp. 324,

5. Bandelj, N. , Wherry, F. F. , and Zelizer, V. A. (eds.). 2017. Money Talks: Explaining How Money Really Works. Princeton University Press.

6. Wang, Shuangjin. 2010. Research on Rural Finance under the Communist Party of China Revolution (Doctoral Dissertation, Nankai University)

7. Fu,Fayong. 1995. A Brief History of the Printing Bureau in the Jin-Cha-Ji Border Region. Beijing: China Financial Publishing House. pp. 5

8. Wang,Jijie. 2023. Red Coin: Legend of the Red Money Bag .Beijing: China Workers' Publishing House, pp.166-287.

9. Wang,Tongxing. 1990. “Financial Construction in Revolutionary Base Areas during the Anti Japanese War and Liberation War”. Research on the History of the Communist Party of China (03), pp. 53-62

10. Henan Provincial Department of Finance and Henan Provincial Archives. 1985. Selected Financial and Economic Historical Materials of the Jin-Ji-Lu-Yu Anti-Japanese Base Area (Henan Part) 1. Beijing: Archives Publishing House, pp. 68.

11. The Editing Group of Financial and Economic History of the Jin-Ji-Lu-Yu Border Region, Archives of Shanxi, Hebei, Shandong, and Henan Provinces. 1990. Selected Materials on the Financial and Economic History of the Jin-Ji-Lu-Yu Border Region during the Anti-Japanese War (Part 2) [Z]. Beijing: China Financial and Economic Publishing House, pp. 203.

12. Rong,Zihe. 1987. A Brief History of Finance in the Jin-Ji-Lu-Yu Border Region. Beijing: China Financial and Economic Publishing House, pp. 49.

Data Availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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Volume Title
Proceedings of the 3rd International Conference on Business and Policy Studies
ISBN (Print)
978-1-83558-263-3
ISBN (Online)
978-1-83558-264-0
Published Date
05 January 2024
Series
Advances in Economics, Management and Political Sciences
ISSN (Print)
2754-1169
ISSN (Online)
2754-1177
DOI
10.54254/2754-1169/66/20241211
Copyright
05 January 2024
Open Access
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Copyright © 2023 EWA Publishing. Unless Otherwise Stated