Word: knomintang
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Dates: during 1940-1949
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...removed price controls and with them has vanished all hope for its economic reforms. The resulting inflation is destroying the newly-issued money for which the middle class was forced to sacrifice its holdings of gold and foreign currency. With the Republican defeat in the U.S. election discouraging Knomintang expectations for increased military aid, the Nationalist Cabinet has resigned...
...contented and happy with their own form of government. Although Barton's attempt to get at the forces which lie behind the present conflict in China draws heavily on Theodore White's book, his article is a great deal more than a book review. He traces the Knomintang from its rise to power in 1927 to the present, showing that the present corruption and reaction of Chiang's party rests historically on equally rotten foundations...
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