It happened during the Kuomintang rule, when inflation was serious and the purchasing power of 100 yuan fiat dropped sharply. 1937 You can buy two cows, one cow in 38 years, one pig in 39 years, and only one box of matches in 4 1 year.

The reason is that the civil war was launched, and a large amount of gold and foreign exchange were consumed only by issuing additional currency, resulting in inflation.