Abstract: The economic situation is an important factor in exploring the inevitability of the rise and fall of Chinese history. During the ten years of the late Qing Dynasty, the socioeconomic structure changed drastically. The increase of the tax revenue and the heavy apportionment of the Qing government increased the centrifugal force of the central and local governments. Due to the lack of modern business management theory guidance, civil banks, banks in parallel twotrack, credit bankruptcy immediately led to financial panic. In the currency reform, the Qing government neglected the objective law of economic development and overturned the abuse. Many of the reform mistakes led to sluggish economic situation, eventually leading to political collapse.

Key words: finance, factor, late Qing Dynasty, dilemma

摘要： 经济状况是探讨中国历代兴亡不可避免的重要因素。晚清十年间社会经济结构发生剧烈变动，清廷税收增加与繁重摊派使得中央与地方的离心力日剧。缺乏近代企业管理思想指导，民间钱庄、银行双轨并行，信用破产后随即导致金融恐慌；清廷币制改革中忽视经济发展客观规律，滥铸、滥发引发通货膨胀。诸多改革失误使本就萎靡的经济形势雪上加霜，导致政局崩盘。

关键词: 财政, 因素, 晚清, 困局