What was the worst inflation in ancient Chinese history?

Inflation in China was a common occurrence in ancient times, and once a war broke out, the inflation phenomenon was very serious. The currency of the previous monarch will soon become unusable.

The worst inflation in history should be once in recent history, and then it's better not to happen like this anyway, after all, the people are not happy.

I think there was no inflation in ancient times, because in ancient times money was controlled by the state, and it was impossible to be inflationary.

It should be in modern times, when the first department was chaotic, social life was also very messy, and many rules and regulations were not formulated.

It's not very clear, but inflation probably happens in times of war or natural disasters.

The most serious one was in 1939, when the price level was particularly serious, and in 1940, the price in Chongqing reached 1,700 times compared with before.

It should be inflation in the African country of Zimbabwe, where money has almost turned into waste paper, and so far nothing has been resolved.

Both economic crises and inflation are solved by war.

So far, this time, I don't know how to solve it.

At the end of the 20 th century, China's inflation rate fluctuated drastically, with inflation rates of 5 percent or even 10 percent or more occurring many times, and this kind of large inflation rate had a great negative impact on China's economy and people's lives. In the 37 years from 1980 to 2016, China's inflation rate has only appeared four times, in 1998 and 2009, of which 1999 was the lowest in the past 37 years, and the highest value was in 1994, as high as the inflation rate.

I'll be right back.

2020 is.

Here's the information you need.

From August 1948 to May 1949, when Shanghai was liberated, the amount of gold yuan bills issued was 679459 billion yuan, and the Shanghai price index was more than 36 trillion times during the same period.

In the early days of the founding of the People's Republic of China, the liberation of the whole of China and the need for rebuilding led to the two-way promotion of the financial and productive issuance of the renminbi, with serious inflation and sharp fluctuations in prices. ** Adopt a combination of temporary emergency and long-term governance, economic means and administrative intervention, follow up financial and fiscal policies at the same time, and treat both the symptoms and the root causes, and make every effort to stabilize prices, successfully control the stubborn inflation that has lasted for 13 years in a short period of time, create a good social environment for the stability of people's lives and the development of the national economy, and create an economic miracle.

Personally, I think that the inflation that took place in Germany between the two world wars can truly be called the worst inflation in human history, because it is more widespread, longer lasting and more destructive!

Weimar** put an end to this unprecedented hyperinflation at the end of 1923 by:

First, re-establish reparations agreements with the United States and Britain and other Allied countries to reduce reparations during World War I;

second, increase tax revenues and cut spending across the board;

Third, the issuance of new coins to replace the old generation of marks, the new marks are equivalent to one trillion times the old marks, and at the same time control the issuance of new coins at 3.2 billion yuan.

The worst inflation in history was the financial crisis in the United States, which spread to the whole world, causing severe economic losses.

1. 1987 1988 was a stage of economic expansion, and the price index continued to rise under the pull of the previous economic expansion, rising to the first historical high since the reform and opening up.

Based on the 1985 price index, the 1986 price index**, the 1987 price index**, and the 1988 price index**.

The main reason for this inflation is still that in order to meet the demand for the growth of investment in social fixed assets and solve the problem of shortage of funds in enterprises, the government has increased its fiscal expenditure since 1986 and continuously expanded its fiscal deficit, especially after the implementation of the fiscal "lump sum" system in 1988, the demand of the society has further soared.

Second, by the first half of 1993, inflationary pressures had begun to rise again, and the financial industry had fallen into a state of disorder.

In the domestic financial market, a large amount of money is concentrated in the real estate market in the coastal areas, and banks, financial institutions and local governments have evaded the regulations and supervision of the central bank in order to realize their different interests, and have provided a large amount of financing for the real estate industry, which has made the amount of money over-loaded and the scale of credit has repeatedly exceeded the plan.

Because this regulation and control has learned the lessons of the previous excessive monetary tightening that caused the economy to be too cold, this monetary policy has always followed the principle of "moderate tightening" in the implementation of this monetary policy, and finally succeeded in achieving a "soft landing" of the economy in 1996.

However, in fact, it has brought certain negative effects: the tightening of credit conditions has damaged the balance of comprehensive credit to a certain extent; Restricting inter-regional credit greatly reduces the velocity of money.

3. In 2003, the overall level of national household consumption was higher than that of the previous year.

Urban**, rural**.

Residents' consumption is **, food ****, and service ****.

Retail sales** declined.

Industrial products are shipped from the factory****.

Raw materials, fuel, and power purchases.

Investment in fixed assets.

Production of agricultural products, including cereals, cotton, oilseeds, and livestock products.

Inflationary pressures in China at that time were mainly due to the huge demand for raw materials and other goods that were used in the construction of factories, roads and other infrastructure projects.

At the same time, with the rapid growth of the economy, China's demand for raw materials has increased dramatically.

In 2003, China's imports increased by 31.2 over 2002 to a record 91.1 million tons.

China has mainly adopted a prudent monetary policy.

Fourth, inflation due to excessive economic growth and a long-term international surplus since 2005.

Until now, there has been an international financial crisis.