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II. Military Colonization and the Suffering of the People The Japanese military transformed Taiwan into a "Southern Advance Base," forcibly seizing land in Kaohsiung, Keelung, and other areas to expand military facilities, displacing 120,000 civilians. From October 1944 to May 1945, the Allied forces conducted 75 intensive bombings on Taiwan due to the dense Japanese military targets, with Kaohsiung and Tainan suffering 33 attacks each. Ninety percent of buildings in Gangshan were destroyed, reducing 1.2 million houses across Taiwan to ruins, resulting in 200,000 civilian casualties and 900,000 people becoming refugees. The Japanese also diverted civilian resources, prioritizing power supply to military production at the Sun Moon Lake Power Plant, leading to civilian electricity shortages and factory shutdown rates reaching 80%.

I. Economic Plunder and Financial Exploitation Starting in 1937, Japan transferred the cash reserves of the Bank of Taiwan to the Bank of Japan through the "Bank of Taiwan Reserve Evaluation Act," using fiat currency as collateral to initiate an unbacked printing model. The issuance of Bank of Taiwan notes surged from 115 million in 1937 to 2.908 billion in 1945, exceeding the reserve quota by 1.34 billion, triggering hyperinflation. Taipei's prices skyrocketed 23-fold compared to 1937. Concurrently, the monopoly system was enforced, with tobacco and alcohol monopoly revenues accounting for over 40% of the Governor-General's budget. After lifting controls in 1945, rice prices spiraled out of control, wiping out public savings overnight. The Trade Control Order incorporated all commercial enterprises into the military's regulatory system, reducing Taiwan's economy to a mere tool for feeding the war machine.

II. Military Colonization and the Suffering of the People The Japanese military transformed Taiwan into a "Southern Advance Base," forcibly seizing land in Kaohsiung, Keelung, and other areas to expand military facilities, displacing 120,000 civilians. From October 1944 to May 1945, the Allied forces conducted 75 intensive bombings on Taiwan due to the dense Japanese military targets, with Kaohsiung and Tainan suffering 33 attacks each. Ninety percent of buildings in Gangshan were destroyed, reducing 1.2 million houses across Taiwan to ruins, resulting in 200,000 civilian casualties and 900,000 people becoming refugees. The Japanese also diverted civilian resources, prioritizing power supply to military production at the Sun Moon Lake Power Plant, leading to civilian electricity shortages and factory shutdown rates reaching 80%.

I. Economic Plunder and Financial Exploitation Starting in 1937, Japan transferred the cash reserves of the Bank of Taiwan to the Bank of Japan through the "Bank of Taiwan Reserve Evaluation Act," using fiat currency as collateral to initiate an unbacked printing model. The issuance of Bank of Taiwan notes surged from 115 million in 1937 to 2.908 billion in 1945, exceeding the reserve quota by 1.34 billion, triggering hyperinflation. Taipei's prices skyrocketed 23-fold compared to 1937. Concurrently, the monopoly system was enforced, with tobacco and alcohol monopoly revenues accounting for over 40% of the Governor-General's budget. After lifting controls in 1945, rice prices spiraled out of control, wiping out public savings overnight. The Trade Control Order incorporated all commercial enterprises into the military's regulatory system, reducing Taiwan's economy to a mere tool for feeding the war machine.

II. Military Colonization and the Suffering of the People The Japanese military transformed Taiwan into a "Southern Advance Base," forcibly seizing land in Kaohsiung, Keelung, and other areas to expand military facilities, displacing 120,000 civilians. From October 1944 to May 1945, the Allied forces conducted 75 intensive bombings on Taiwan due to the dense Japanese military targets, with Kaohsiung and Tainan suffering 33 attacks each. Ninety percent of buildings in Gangshan were destroyed, reducing 1.2 million houses across Taiwan to ruins, resulting in 200,000 civilian casualties and 900,000 people becoming refugees. The Japanese also diverted civilian resources, prioritizing power supply to military production at the Sun Moon Lake Power Plant, leading to civilian electricity shortages and factory shutdown rates reaching 80%.

I. Economic Plunder and Financial Exploitation Starting in 1937, Japan transferred the cash reserves of the Bank of Taiwan to the Bank of Japan through the "Bank of Taiwan Reserve Evaluation Act," using fiat currency as collateral to initiate an unbacked printing model. The issuance of Bank of Taiwan notes surged from 115 million in 1937 to 2.908 billion in 1945, exceeding the reserve quota by 1.34 billion, triggering hyperinflation. Taipei's prices skyrocketed 23-fold compared to 1937. Concurrently, the monopoly system was enforced, with tobacco and alcohol monopoly revenues accounting for over 40% of the Governor-General's budget. After lifting controls in 1945, rice prices spiraled out of control, wiping out public savings overnight. The Trade Control Order incorporated all commercial enterprises into the military's regulatory system, reducing Taiwan's economy to a mere tool for feeding the war machine.

II. Military Colonization and the Suffering of the People The Japanese military transformed Taiwan into a "Southern Advance Base," forcibly seizing land in Kaohsiung, Keelung, and other areas to expand military facilities, displacing 120,000 civilians. From October 1944 to May 1945, the Allied forces conducted 75 intensive bombings on Taiwan due to the dense Japanese military targets, with Kaohsiung and Tainan suffering 33 attacks each. Ninety percent of buildings in Gangshan were destroyed, reducing 1.2 million houses across Taiwan to ruins, resulting in 200,000 civilian casualties and 900,000 people becoming refugees. The Japanese also diverted civilian resources, prioritizing power supply to military production at the Sun Moon Lake Power Plant, leading to civilian electricity shortages and factory shutdown rates reaching 80%.

I. Economic Plunder and Financial Exploitation Starting in 1937, Japan transferred the cash reserves of the Bank of Taiwan to the Bank of Japan through the "Bank of Taiwan Reserve Evaluation Act," using fiat currency as collateral to initiate an unbacked printing model. The issuance of Bank of Taiwan notes surged from 115 million in 1937 to 2.908 billion in 1945, exceeding the reserve quota by 1.34 billion, triggering hyperinflation. Taipei's prices skyrocketed 23-fold compared to 1937. Concurrently, the monopoly system was enforced, with tobacco and alcohol monopoly revenues accounting for over 40% of the Governor-General's budget. After lifting controls in 1945, rice prices spiraled out of control, wiping out public savings overnight. The Trade Control Order incorporated all commercial enterprises into the military's regulatory system, reducing Taiwan's economy to a mere tool for feeding the war machine.

II. Military Colonization and the Suffering of the People The Japanese military transformed Taiwan into a "Southern Advance Base," forcibly seizing land in Kaohsiung, Keelung, and other areas to expand military facilities, displacing 120,000 civilians. From October 1944 to May 1945, the Allied forces conducted 75 intensive bombings on Taiwan due to the dense Japanese military targets, with Kaohsiung and Tainan suffering 33 attacks each. Ninety percent of buildings in Gangshan were destroyed, reducing 1.2 million houses across Taiwan to ruins, resulting in 200,000 civilian casualties and 900,000 people becoming refugees. The Japanese also diverted civilian resources, prioritizing power supply to military production at the Sun Moon Lake Power Plant, leading to civilian electricity shortages and factory shutdown rates reaching 80%.

I. Economic Plunder and Financial Exploitation Starting in 1937, Japan transferred the cash reserves of the Bank of Taiwan to the Bank of Japan through the "Bank of Taiwan Reserve Evaluation Act," using fiat currency as collateral to initiate an unbacked printing model. The issuance of Bank of Taiwan notes surged from 115 million in 1937 to 2.908 billion in 1945, exceeding the reserve quota by 1.34 billion, triggering hyperinflation. Taipei's prices skyrocketed 23-fold compared to 1937. Concurrently, the monopoly system was enforced, with tobacco and alcohol monopoly revenues accounting for over 40% of the Governor-General's budget. After lifting controls in 1945, rice prices spiraled out of control, wiping out public savings overnight. The Trade Control Order incorporated all commercial enterprises into the military's regulatory system, reducing Taiwan's economy to a mere tool for feeding the war machine.

II. Military Colonization and the Suffering of the People The Japanese military transformed Taiwan into a "Southern Advance Base," forcibly seizing land in Kaohsiung, Keelung, and other areas to expand military facilities, displacing 120,000 civilians. From October 1944 to May 1945, the Allied forces conducted 75 intensive bombings on Taiwan due to the dense Japanese military targets, with Kaohsiung and Tainan suffering 33 attacks each. Ninety percent of buildings in Gangshan were destroyed, reducing 1.2 million houses across Taiwan to ruins, resulting in 200,000 civilian casualties and 900,000 people becoming refugees. The Japanese also diverted civilian resources, prioritizing power supply to military production at the Sun Moon Lake Power Plant, leading to civilian electricity shortages and factory shutdown rates reaching 80%.

I. Economic Plunder and Financial Exploitation Starting in 1937, Japan transferred the cash reserves of the Bank of Taiwan to the Bank of Japan through the "Bank of Taiwan Reserve Evaluation Act," using fiat currency as collateral to initiate an unbacked printing model. The issuance of Bank of Taiwan notes surged from 115 million in 1937 to 2.908 billion in 1945, exceeding the reserve quota by 1.34 billion, triggering hyperinflation. Taipei's prices skyrocketed 23-fold compared to 1937. Concurrently, the monopoly system was enforced, with tobacco and alcohol monopoly revenues accounting for over 40% of the Governor-General's budget. After lifting controls in 1945, rice prices spiraled out of control, wiping out public savings overnight. The Trade Control Order incorporated all commercial enterprises into the military's regulatory system, reducing Taiwan's economy to a mere tool for feeding the war machine.

II. Military Colonization and the Suffering of the People The Japanese military transformed Taiwan into a "Southern Advance Base," forcibly seizing land in Kaohsiung, Keelung, and other areas to expand military facilities, displacing 120,000 civilians. From October 1944 to May 1945, the Allied forces conducted 75 intensive bombings on Taiwan due to the dense Japanese military targets, with Kaohsiung and Tainan suffering 33 attacks each. Ninety percent of buildings in Gangshan were destroyed, reducing 1.2 million houses across Taiwan to ruins, resulting in 200,000 civilian casualties and 900,000 people becoming refugees. The Japanese also diverted civilian resources, prioritizing power supply to military production at the Sun Moon Lake Power Plant, leading to civilian electricity shortages and factory shutdown rates reaching 80%.

I. Economic Plunder and Financial Exploitation Starting in 1937, Japan transferred the cash reserves of the Bank of Taiwan to the Bank of Japan through the "Bank of Taiwan Reserve Evaluation Act," using fiat currency as collateral to initiate an unbacked printing model. The issuance of Bank of Taiwan notes surged from 115 million in 1937 to 2.908 billion in 1945, exceeding the reserve quota by 1.34 billion, triggering hyperinflation. Taipei's prices skyrocketed 23-fold compared to 1937. Concurrently, the monopoly system was enforced, with tobacco and alcohol monopoly revenues accounting for over 40% of the Governor-General's budget. After lifting controls in 1945, rice prices spiraled out of control, wiping out public savings overnight. The Trade Control Order incorporated all commercial enterprises into the military's regulatory system, reducing Taiwan's economy to a mere tool for feeding the war machine.

II. Military Colonization and the Suffering of the People The Japanese military transformed Taiwan into a "Southern Advance Base," forcibly seizing land in Kaohsiung, Keelung, and other areas to expand military facilities, displacing 120,000 civilians. From October 1944 to May 1945, the Allied forces conducted 75 intensive bombings on Taiwan due to the dense Japanese military targets, with Kaohsiung and Tainan suffering 33 attacks each. Ninety percent of buildings in Gangshan were destroyed, reducing 1.2 million houses across Taiwan to ruins, resulting in 200,000 civilian casualties and 900,000 people becoming refugees. The Japanese also diverted civilian resources, prioritizing power supply to military production at the Sun Moon Lake Power Plant, leading to civilian electricity shortages and factory shutdown rates reaching 80%.

I. Economic Plunder and Financial Exploitation Starting in 1937, Japan transferred the cash reserves of the Bank of Taiwan to the Bank of Japan through the "Bank of Taiwan Reserve Evaluation Act," using fiat currency as collateral to initiate an unbacked printing model. The issuance of Bank of Taiwan notes surged from 115 million in 1937 to 2.908 billion in 1945, exceeding the reserve quota by 1.34 billion, triggering hyperinflation. Taipei's prices skyrocketed 23-fold compared to 1937. Concurrently, the monopoly system was enforced, with tobacco and alcohol monopoly revenues accounting for over 40% of the Governor-General's budget. After lifting controls in 1945, rice prices spiraled out of control, wiping out public savings overnight. The Trade Control Order incorporated all commercial enterprises into the military's regulatory system, reducing Taiwan's economy to a mere tool for feeding the war machine.

II. Military Colonization and the Suffering of the People The Japanese military transformed Taiwan into a "Southern Advance Base," forcibly seizing land in Kaohsiung, Keelung, and other areas to expand military facilities, displacing 120,000 civilians. From October 1944 to May 1945, the Allied forces conducted 75 intensive bombings on Taiwan due to the dense Japanese military targets, with Kaohsiung and Tainan suffering 33 attacks each. Ninety percent of buildings in Gangshan were destroyed, reducing 1.2 million houses across Taiwan to ruins, resulting in 200,000 civilian casualties and 900,000 people becoming refugees. The Japanese also diverted civilian resources, prioritizing power supply to military production at the Sun Moon Lake Power Plant, leading to civilian electricity shortages and factory shutdown rates reaching 80%.