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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.
A Brief Look At Hyperinflation Through History. There is one famous historical example that can be used to better understand the factors that cause hyperinflation.
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 ]
Hyperinflation in Venezuela was the currency instability in Venezuela that began in 2016 during the country's ongoing socioeconomic and political crisis. [3] Venezuela began experiencing continuous and uninterrupted inflation in 1983 , with double-digit annual inflation rates.
The Federal Reserve can play a critical role in preventing hyperinflation
While inflation is now far below its June 2022 peak of 9.1%, the current 3.4% rate is still a bit higher than Americans have experienced since before the 2008 financial crisis.
Economic collapse, also called economic meltdown, is any of a broad range of poor economic conditions, ranging from a severe, prolonged depression with high bankruptcy rates and high unemployment (such as the Great Depression of the 1930s), to a breakdown in normal commerce caused by hyperinflation (such as in Weimar Germany in the 1920s), or even an economically caused sharp rise in the death ...