National Debt Redemption

Significance in World History
The National Debt Redemption Movement was a movement for peaceful coexistence in which the people voluntarily attempted to resolve the country’s foreign debt in response to the invasion on economic sovereignty through imperialist foreign debt.

Peace, as defined in the National Debt Redemption Movement, is similar in character to that in Gandhi’s non-violent Ahimsa (non-violence)-Swadeshi (use of domestic products) movement, which occurred at a similar time. However, the National Debt Redemption Movement wanted a more active peace, which, in contrast to passive non-violence through boycotting, strived for mutual and reciprocal coexistence by overcoming invasion by donating to the repayment of the foreign debt. The National Debt Redemption Movement records, which bear the spirit and significance of the Movement, reflect the development of a national sense of duty and peace in the context of the formation of modern East Asia, and are historical materials with invaluable significance to world history.