THE TRAGEDY OF INFLATION TOLD ON A GREETINGS CARD FROM CHINA.—A reproduction of a Christmas card and a 1000-dollar Chinese bank note received by a Christchurch resident from a missionary in China. The purchasing power of the note is stated to be less than that of 30 United States cents. Among the items listed, which the note would buy in China, are four and a half eggs, nine ounces of sugar, eight ounces of beef, an 18-ounce loaf of bread, a pint of milk, a slice of buttered toast, and a lead pencil. In 1939 1000 Chinese dollars were worth 118 United States dollars, and 10 years earlier the parity value was 417 United States dollars.
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Bibliographic details
Press, Volume LXXXIII, Issue 25084, 16 January 1947, Page 7
Word Count
116THE TRAGEDY OF INFLATION TOLD ON A GREETINGS CARD FROM CHINA.—A reproduction of a Christmas card and a 1000-dollar Chinese bank note received by a Christchurch resident from a missionary in China. The purchasing power of the note is stated to be less than that of 30 United States cents. Among the items listed, which the note would buy in China, are four and a half eggs, nine ounces of sugar, eight ounces of beef, an 18-ounce loaf of bread, a pint of milk, a slice of buttered toast, and a lead pencil. In 1939 1000 Chinese dollars were worth 118 United States dollars, and 10 years earlier the parity value was 417 United States dollars. Press, Volume LXXXIII, Issue 25084, 16 January 1947, Page 7
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