Legal tender is the name of the currency in circulation from October 4th to August 9th in old China 1935165438+194819. The old China adopted the silver standard for a long time. Before1April, 933, silver and silver dollar were actually used together. After "changing two products into yuan", although the currency was unified, it did not solve the financial and economic difficulties of the Kuomintang government. Britain and the United States waged a fierce struggle to control the monetary rights of old China.
Extended data
At the beginning of 1948, prices in Peiping soared. "To buy an egg, you need 24 Jin of legal tender (currency in circulation at that time), and corn flour in A Jin needs 100 Jin of legal tender. You can buy a foot of coarse cloth by connecting two and a half miles from end to end. Compared with the previous year, food prices have increased by 149 times. " Rice, flour and grain have soared, and the lives of ordinary people have gone from bad to worse
In August, soaring prices have far exceeded the affordability of the people. In order to alleviate the crisis, the National Government decided to issue gold certificates. However, contrary to expectations, prices have not stabilized, gold certificates are becoming less and less valuable, and people are once again in despair.
At this time, the silver dollar became popular, and the silver dollar trading market appeared in Qianmen, Xuanwu Gate, Dongdan, Xisi and Gulou. There are also many silver dollar dealers, jingling in their hands and shouting "buy two pieces and sell two pieces."
Baidu Encyclopedia-1948: A kilo of corn flour in Beiping is not necessary 100 kilo of Fiat.
Baidu encyclopedia-legal tender