#3 Due to the needs of trade communications and the development of telegraph technology, Shanghai’s banking business developed quickly, already becoming one of the Far East’s financial hubs by the start of the 20th century. Photo is of 1913, inside the International Savings Society on Shanghai’s Avenue Edward (today’s Yan’an East Road). The International Savings Society was established by the French in October 1912, where it operated until 1937 when it was outlawed by the Nationalist government.

Stunning Historic Photos of Life in Shanghai During the First Half of the 20th Century

#3 Due to the needs of trade communications and the development of telegraph technology, Shanghai’s banking business developed quickly, already becoming one of the Far East’s financial hubs by the start of the 20th century. Photo is of 1913, inside the International Savings Society on Shanghai’s Avenue Edward (today’s Yan’an East Road). The International Savings Society was established by the French in October 1912, where it operated until 1937 when it was outlawed by the Nationalist government.

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