Some aid still continues. longterm projects financed in previous years have not yet been completed. an agreement for Public Law 480 aid in surplus agricultural commodities will run through 1966. and the military assistance program will continue as well. A small residual AID staff remains in Taipei to monitor the programs still in progress. When U.S. aid to Taiwan began in 1950. the island was still suffering from the devastation of the Second World War. there was serious inflation. and several hundred thousand refugees from the China mainland were still not settled. Although the Government of the Republic of China began the reconstruction in 1949 with the implementation of a land reform program. it was not until large arrivals of U.S. aid began in 1951 that rapid progress was made. By the end of 1952. prewar production levels were regained although living standards did not reach prewar levels until 1956.
Keywords matched
refugees