This paper analyzes the file of the Chamber of Commerce and the customs house and hold that the financial panic had different reasons and background,but the implicit reason lied in the inadequate development of the financial industry itself.

• 这些金融风潮有着各自不同的原因和背景 ,但其深层次原因在于 ,在天津对外贸易发展的过程中金融业自身发展的不足。