IGNOU HISTORY NOTES : History Of China and Japan (1840-1949) - Foreign Investment and Rise of the New Class

IGNOU HISTORY Study Notes for IAS, UPSC Exams

History Of China and Japan (1840-1949)

Foreign Investment and Rise of the New Class

Structure

29.0 Objectives
29.1 Introduction
29.2 Some Observations
29.3 Foreign Capital in China
29.4 Emergence of the Chinese Bourgeoisie
29.5 The Chinese Bourgeoisie and the 1911 Revolution
29.6 Bourgeoisie in the Period of Yuan Shi Kai
29.7 The Bourgeoisie, 1916-1919
29.8 Rise of urban Society
29.9 Let Us Sum Up
29.10 Key Words
29.11Answers to Check Your Progress Exercises

29.0 OBJECTIVES

After reading this Unit you will be able to:

explain the significance of foreign'capital in China,
know about the role of the bourgeoisie in the 1911 Revolution,
understand the bosition of the business community during Yuan Shi Kai's presidency, and
explain how World War-I facilitated the growth of the Chinese bourgeoisie.

29.1 INTRODUCTION

Starting with the role of foreign capital in Chinese economy this Unit goes on to discuss
the emergence of bourgeoisie in China. It further discusses the role of bourgeoisie
during the 1911 Revolution and how they reacted to the rule of Yuan Shi Kai. The
bourgeoisie on the one hand contributed in the development of indigenous industry and
trade and on the other in the development of the New Culture Movement. They also
contributed in the growth of urban centres and a distinct urban culture. These aspects
have also been dealt within the Unit.