The Desperation of People's Daily Life under the Inflation of Currency——A Minute Analysis of Reasons for the Subjugation of Nanjing National Government

In the last years of Republican China, Nanjing National Government issued banknotes recklessly in order to cope with the civil war, which worsened the situation of mounting inflation. The soaring prices and material shortage made most people's daily life deteriorate from tight, disturbance to desperation. The confidence of government was reduced because people's livelihood was hopeless. The government of Kuomintang lost people's support when it was encountering economic disintegrate, military reverses and political bankruptcy. As a result, its downfall destiny was inevitable.