In the 1930’s the American Government used currency as a weapon or currency war against China to de-stabilize Chinese society and incite a revolution that destroyed China. The U.S Government called it “The China De-Stabilization Plan”
In the 1930’s the Chinese currency, the Yuan was backed by and pegged against Silver prices. The U.S Goverment went on a propaganda campaign that advertised to the Chinese that an appreciation in the Chinese currency Yuan would bring with them an appreciation of the yuan against the U.S. dollar and would benefit the Chinese by increasing their purchasing power. However, they knew that it would actually cause economic havoc.
