Banknotes Catalog - Republic of China (1912-1949), China


Republic of China (1912-1949)

On 1 January 1912, the Republic of China was established, heralding the end of the Qing Dynasty. Sun Yat-sen of the Kuomintang (the KMT or Nationalist Party) was proclaimed provisional president of the republic. However, the presidency was later given to Yuan Shikai, a former Qing general, who had ensured the defection of the entire Beiyang Army from the Qing Empire to the revolution. In 1915, Yuan proclaimed himself Emperor of China but was forced to abdicate and return the state to a republic when he realized it was an unpopular move, not only with the population but also with his own Beiyang Army and its commanders.
After Yuan Shikai's death in 1916, China was politically fragmented, with an internationally recognized but virtually powerless national government seated in Peking (Beijing). Warlords in various regions exercised actual control over their respective territories. In the late 1920s, the Kuomintang, under Chiang Kai-shek, was able to reunify the country under its own control, moving the nation's capital to Nanking (Nanjing) and implementing "political tutelage", an intermediate stage of political development outlined in Sun Yat-sen's program for transforming China into a modern, democratic state. Effectively, political tutelage meant one-party rule by the Kuomintang.

By: Alaincoins




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