6 ч 27 ноя 1949 г. - Hyperinflation

Описание:

By 1949, hyperinflation was approaching the levels seen in Weimar Germany in 1923, with some Chinese observed hauling their money in carts. A thriving black market emerged and crime increased. Foreign aid supplies were hijacked and sold, reconstruction of industry was halted and unemployment rose. The behaviour of the Nationalist army only increased dissatisfaction with the government. Nationalists troops, the majority of whom were poorly treated conscripts, mutinied or deserted in large numbers. Soldiers also engaged in rape, looting and other acts of brutality against the civilian population. This unpopularity grew further when Jiang repeated a tactic he had previously used against the Japanese, ordering the diversion of the Yellow River to split enemy forces. The outcome was around 500 villages flooded and 400,000 people displaced.

Life during the Civil War was severely impacted by economic problems including hyperinflation, mass unemployment, inadequate reconstruction of industry and large numbers of refugees.