Silver war

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silver business card is the People's Republic of war starting in Shanghai in an economic crisis. As portion of a colossal digit of assets owned by silver speculators trying to stop the speculation market circulation of RMB in Shanghai and get the profits as in the Republic of China period. Events that eventually evolved into the PRC government and the citizen bourgeoisie against Shanghai. Soon the Chinese government has taken strong administrative intervention, to repress this silver tempest. The Chinese government said the incident is of great significance, evaluation of Mao Zedong himself,

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50 in the early wave of assumption in the Chinese silver dollar clash of administration activities in the early 1950s while the end of May 1949 Chinese People's Republic of alternative national administration control of the Government Administration Council in Shanghai, Shanghai Military Control at Zhao unlocked the June 5 along, and prohibited the national government published Jinyuan Quan continue to loop in the mart. But the premier RMB issuer does no have enough precious metal to assure that, together with early 20th century, the national government to implement monetary plan and Jin securities law policy against the failure of the Shanghai commerce community affect still exists, and accordingly the propagation of RMB in Shanghai when they were issued a boycott . Silver wave of speculation because a diversity of attitude, human began to replace the precious metal in the hands of the notes, plus some speculators take avail of this chance to raise the cost of silver, so the mart price of silver and silver coins began to eccentric heave in the final on June 5 duration ahead the appearance, the amount of silver above May 27 from the 1st 1 silver transformable 100 yuan, into the June 4, a silver transformable 1100 yuan's equality. This in Shanghai, in fact, the flow of currency namely silver, instead of the yuan. Circulation of RMB in Shanghai over the same time namely only 20 billion yuan tin only be secondhand for small purchases, can not be accustom for the bulk of business activities. Shanghai firm also declined to some shops for merchandise priced in RMB, the yuan venture to preclude from the market. This material led to the Shanghai Municipal Government and the Central East China Bureau's attention. To try to inhibit the silver crisis, the Shanghai Municipal Committee resolved ashore June 5, selling the 100,000 silver, 6 June threw out 310,000 silver. Mi wish to be capable to level up the pressure on silver, merely these silver location in Shanghai namely immediately absorbed, only played a slow appreciation of the speed efficacy. June 7, silver rose to 1,800 yuan. It felt great pressure the Chinese government, for the economic metropolis of Shanghai and China as one of the few Ji a metropolis of a small value of international commerce, the RMB circulation and silver can not be brought skyrocketing prices, is widely regarded as government's incompetence, and Shanghai's push is promising to influence additional cities - Beijing, there have been a small sum of resistance to the flow of renminbi business person. These effects ambition quickly lose reassurance in the Government. June 8, Central East Board meeting determined to adopt political method to intervene in the market, then mayor of Shanghai, Chen Yi, who chaired the meeting by tel to report this determination the CPC Central Committee, Mao Zedong and get approval. Authorized government activities afterward the Shanghai Municipal Government, in dictate of monetary activities by the Central Finance Commission is responsible for the activities of Chen Yun. Government control of the use of administrative power in government revenue, traffic and other civic utilities among the compulsory prerogative to use RMB as the sole money, and the issuance of RMB bonds to amplify the use of the yuan. Prior to the June 7, City Military Control Commission announced the RMB as the sole legal tender,cosmosbooks.com, silver prohibit the marketing, distribution, ban silver presumption. And advised namely the silver of the opportunists. These magisterial fathom are not enough for the silver market causing the impact, because this really clutch the silver market is not reasoned by speculators in terms of fundamental losses. In the Shanghai Municipal Party Committee and the Central Financial and Economic Committee's crisis consultations after the decision, using a more lusty reach to solve this silver war. June 10, 1949, Shanghai, Shanghai Military Control Commission sent plainclothes police sealed off the biggest silver market - located in Hankou Road, Shanghai Securities Building, No. 422, and 250 anchor caught the speculators, and confiscated tens of thousands of silver . And organize the masses in Shanghai publicity, leaflets, dissemination to create a current role of fashionable financial order and averaging. Activities of capitalists and speculators of this colossal inspire, and soon on the silver market by the equality of the yuan on June 8 of 1:2000 down to 1:1200, and declining. Since the devaluation of silver, the yuan will soon be made in Shanghai's dominant currency status, the Government has the ability to market a more lusty intervention. Affect the behavior after the Chinese government ambition be portrayed as hostile to the government of the bourgeois government and the strength of the marathon. And called an impact The Chinese government's activities have also successfully stabilized prices in Shanghai and other provinces and cities, stable people, the Chinese government has fulfilled prestige. But speculation has not stopped entirely, and many speculators still did not feel the government's resolve to solve the problem of speculation, and to persist its activities until presently after Chen Yun led once repeatedly by the China's large market speculation. But some people calculate that after the liberation of Shanghai, the real bold hostile capitalists have left the government in Shanghai, silver in the Battle of speculative capitalists, more possible for the pursuance of huge speculative interest, with the Chinese government is not interested in open confrontation. Thus,9112.org, the government characterized as the class nature of high-profile event is inappropriate. Further reading: 1

http://zh.wikipedia.org/w/index.php?title =% E9% 93% B6% E5% 85% 83% E4% B9% 8B% E6% 88% 98 & variant = zh-cn

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