China In The 20th Century Essay example - 2955 Words

Overview China in the 20th century has been going through enormous changes. From colonialism and imperialism to republicanism, from communism to capitalism, and from underdevelopment to a country maintaining over 10% economic growth for over ten years. In this research paper, I will focus on the transition of China from a Communist command economy to a type of market economy as well as the economic fluctuations throughout this period. In 1949 Oct 1, the Peopleamp;#8217;s Republic of China was established. Before 1949, there was a period of civil war soon after the world war two. The confrontation was between the Nationalist Komintang led by Chiang Kai Shek and peasant-based Communist party led by Mao-Zedong, ended with†¦show more content†¦He was in favor of capitalist-style reforms and he also changed China fundamentally by introducing dramatic changes in economy to cope with the growing influence of global capitalism. nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;3 The period of Mao Before the Peopleamp;#8217;s Republic of China was established, China remained predominantly rural and agricultural, with close to 90 percent of the population living in the countryside and about 65 percent of the national income generated in the agricultural sector. (Liu and Yeh 1965, 66, 212) At that time, very few people could read, inflation was so high that prices sometimes rose daily, and the tenants were greatly exploited by landlords (Kristof and Wudunn,61). The period of 1949 to 1952 was largely the reconstruction and rehabilitation period. Land reform began promptly after the founding of Peopleamp;#8217;s Republic. The Communist halted inflation, restoring confidence in its new paper currency, divided up the land, tried to end up opium addiction and prostitution, banned child marriages, and encouraged the peasants to go to school and breathed new hopes into the people. ItShow MoreRelatedChina, Japan, and the U.S. in the 20th Century1491 Words   |  6 Pagesï » ¿China, Japan, and the U.S. in the 20th Century During the later half of the 20th century, China and Japan underwent both economic and non-economic reforms that were aided by the influence of the United States. 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