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                <text>Chinese Civil War (国共内战) 1945-1949</text>
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                <text>The Chinese Civil War refers to the re-emergence of conflict between Nationalists and Communists in the immediate aftermath of the Sino-Japanese War. Mao Zedong was victorious and proclaimed the founding of the People's Republic of China on the 1st October 1949. </text>
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                <text>Lauren Walden. </text>
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              <text>Source 3: Hyper-inflation 1 Million Yuan note from the Central Bank of China printed 1949 </text>
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              <text>Hyper-inflation </text>
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              <text>https://tomchao.com/hb8.html#thumb  </text>
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              <text>During the Civil War, the Nationalists continuously printed money to fund the war effort, and this led to hyper-inflation. After the Sino-Japanese War, different areas of China had different currencies which further caused economic instability. The need to replace the Japanese occupiers' currency was also essential for both economic and national pride. The 1 million gold yuan note is symptomatic of the economic crisis harming the Chinese economy during the Civil War. </text>
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