Economically, the period of Beiyang government was the key period of China's modern social transformation. During this period, private enterprises and Chinese banks rose on a large scale, especially during and after World War I, national capitalism ushered in a short spring, and domestic industries grew rapidly. The national industries in this period were mainly concentrated in light industry, especially the unprecedented development of cotton textile industry and flour industry, which laid the basic pattern of domestic industries in modern China and even in the early days of liberation.
Culture: In terms of culture, the freedom of speech and association during the Beiyang government greatly promoted the development of the New Culture Movement, and almost all the cultural masters in modern China were born during this period. Various ideas and theories are popular in China, and cultural concepts are diversified. A hundred schools of thought contend, which has greatly promoted the liberation of China people's personality and the progress of scientific and cultural undertakings.