ABSTRACT
Although the Peking government has frequently been criticized for failing to secure equal treatment for China at the 1919 Paris Peace Conference, what has often been overlooked is that between 1917 and 1927, Peking officials succeeded in redirecting the majority of the 1901 Boxer Indemnity payments into supporting educational institutions and other infrastructure projects in China. This was no mean feat, since it meant that tens of millions of dollars remained within China, instead of being sent overseas. As a result, the Boxer Indemnity directly contributed to China's enormous educational, commercial, and industrial development during the 1920s and 1930s.
