Pictorial Chosen and Manchuria . evelopment. The path of the Bank of Chosen during its early years was no rosy conntry was often visited hy severe business depressien, tightness of money,prevalence of sjjeculative manias, and other financial calamities, which notinfrequently verged upon crises more or less dangerous. It was no easy taskto look after the public interest under such conditions and maintain the publiccredit, which \\as then by no means solid. Besides, the arduous task olcoinage reform was still going on. New enterprises were in need of tender care,and many public undertaki
Pictorial Chosen and Manchuria . evelopment. The path of the Bank of Chosen during its early years was no rosy conntry was often visited hy severe business depressien, tightness of money,prevalence of sjjeculative manias, and other financial calamities, which notinfrequently verged upon crises more or less dangerous. It was no easy taskto look after the public interest under such conditions and maintain the publiccredit, which \\as then by no means solid. Besides, the arduous task olcoinage reform was still going on. New enterprises were in need of tender care,and many public undertakings, both Government and municipal, recjuired ac-commodation. It was also during this jjeriod that the import-excess wasin full s\^•ing, and the Bank encountered a very great difficulty m maintain-ing the stability of its gold reserve. But all these difficulties were successfullyovercome, and bj- the time the Bank began to turn its attention to the marketoutside the Peninsula the countrj was in a fair way to prosperity. *v —.
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Keywords: ., bookcentury1900, bookdecade1910, bookidpictorialcho, bookyear1919
