Chinese hyperinflation
The Chinese hyperinflation was the phenomenon of extreme inflation that emerged in China during the late 1930s, extended to Taiwan after the Japanese surrender in 1945, and concluded in the early 1950s. After a significant speculative outflow of China's physical silver to the United States of America due to the Roosevelt administration's Silver Purchase Act of 1934 resulted in insufficient silver reserves relative to notes issued, the Nationalist government abandoned the traditional silver standard and introduced its own paper currency, the Chinese National Currency (CNC), in the 1935 currency reform.