The decline of rural areas in modern China brings about the problems of rising loan rate and high loan interest rate for farmers. Even as a model county,Dingxian county can not avoid the influence of rural decline. In the 1930s,the phenomenon of rural borrowing and debt is common in Dingxian county,Hebei province. Due to the lack of cooperative financial organizations in rural areas,the form of farmers’ borrowing is mostly lenders’ borrowing and money will be borrowed. In the process of borrowing,the high rate of usury and the phenomenon of d...