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The hyperinflation under the Chinese Nationalists from 1939 to 1945 is a classic example of a government printing money to pay civil war costs. By the end, currency was flown in over the Himalayas, and then old currency was flown out to be destroyed. Hyperinflation is a complex phenomenon and one explanation may not be applicable to all cases.
The Chinese hyperinflation was the extreme inflation that emerged in China during the late 1930s, [1] extended to Taiwan after the Japanese surrender in 1945, and concluded in the early 1950s. [ 2 ]
Changing economic conditions can trigger various side effects, including an uptick in inflation. When inflation leads to rising prices and a decline in the purchasing power of money, your dollars ...
The Federal Reserve can play a critical role in preventing hyperinflation
During hyperinflation they are adjusted more often. [127] They may also be tied to a cost-of-living index that varies by geographic location if the employee moves. Annual escalation clauses in employment contracts can specify retroactive or future percentage increases in worker pay which are not tied to any index.
History has many examples of ruinous hyperinflation. The most infamous might be that of Weimar Germany, whose hyperinflationary episode is often blamed for the rise of the National Socialists. The
One of the important issues of the stabilization of a hyperinflation is the revaluation. The term normally refers to the raising of the exchange rate of one national currency against other currencies. As well, it can mean revalorization, the restoration of the value of a currency depreciated by inflation. The German government had the choice of ...
Hyperinflation in Zimbabwe is an ongoing period of currency instability in Zimbabwe which, using Cagan's definition of hyperinflation, began in February 2007. During the height of inflation from 2008 to 2009, it was difficult to measure Zimbabwe's hyperinflation because the government of Zimbabwe stopped filing official inflation statistics.