businesses into government operated monopolies, and the hyperinflation of 1945–1949. The shooting of a civilian on 28 February 1947 triggered island-wide unrest, which was suppressed by Chen with military force in what is now called the February 28 Incident. Mainstream estimates of the number killed range from 18,000 to 30,000. Many native leaders were killed, as well as students and some mainlanders. Chen was later relieved and replaced by Wei Tao-ming, who made an effort to undo previous mismanagement by re-appointing a good proportion of islanders and re-privatizing businesses. After the end of World War II, the Chinese Civil War resumed between the Chinese Nationalists (Kuomintang), led by Generalissimo Chiang Kai-shek, and the Chinese Communist Party (CCP), led by CCP Chairman Mao Zedong. Throughout the months of 1949, a series of Chinese Communist offensives led to the capture of its capital Nanjing on 23 April and the subsequent defeat of the Nationalist army on the mainland, and the Communists founded the People's Republic of China on 1 October. On 7 December 1949, after the loss of four capitals, Chiang evacuated his Nationalist government to Taiwan and made Taipei the temporary capital of the ROC (also called the "wartime capital" by Chiang Kai-shek). Some 2 million people, consisting mainly of soldiers, members of the ruling Kuomintang and intellectual and business elites, were evacuated from mainland China to Taiwan at that time, adding to the earlier population of approximately six million. These people came to be known in Taiwan as "waisheng ren" (), residents who came to the island in the 1940s and 50s after Japan's surrender, as well as their descendants. In addition, the ROC government took to Taipei many national treasures and much of China's gold and foreign currency reserves. Most of the 3.57 million ounces of gold brought to Taiwan was used to pay soldiers' salaries. 800,000 ounces of the remaining gold was used to issue the New Taiwan dollar, part of a price stabilization program to slow the inflation in Taiwan. After losing control of mainland China in 1949, the ROC retained control of Taiwan and Penghu (Taiwan, ROC), parts of Fujian (Fujian, ROC)—specifically Kinmen, Wuqiu (now part of Kinmen) and the Matsu Islands and two major islands in the South China Sea (within the Dongsha/Pratas and Nansha/Spratly island groups). These territories have remained under ROC governance until the present day. The ROC also briefly retained control of