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一般说来,通货膨胀是指纸币的发行量超过商品流通对纸币的客观需求量,从而引起纸币贬值,物价普遍上涨。民国初年,作为新疆财政命脉的协饷断绝,收支不平衡日益严重,财政赤字不断扩大,统治者从一己私利出发,推行通货膨胀政策,大量发行纸币,使得纸币贬值,物价上涨,给人民生活造成了极大地痛苦。文章重点论述了杨增新统治时期,新疆出现通货膨胀的原因、表现及后果,让我们对这一时期新疆的财政状况有更加完整的认识。
In general, inflation refers to the issuance of banknotes in excess of the objective demand of banknotes for the circulation of commodities, thereby causing devaluation of banknotes and generally rising prices. In the early years of the Republic of China, as the financial lifeline of Xinjiang was cut off, the balance of payments was increasingly unbalanced, the budget deficit was continuously expanded, and the rulers proceeded from their own selfish interests to implement the inflation policy and issued a large amount of banknotes so that the devaluation of the banknotes and prices rose to the people Life caused great pain. The article focuses on the reasons, performance and consequences of the inflation in Xinjiang during the reign of Yang Zengxin and Xinjiang, so that we can have a more complete understanding of the financial status of Xinjiang in this period.