Following the Chinese Civil War and victory of Mao Zedong's Communist forces over the Kuomintang forces of Generalissimo Chiang Kai-shek, who fled to Taiwan, Mao declared the founding of the People's Republic of China on October 1, 1949.
Mao's first goal was a total overhaul of the land ownership system, and extensive land reforms. China's old system of gentry landlord ownership of farmland and tenant peasants was replaced with a distribution system in favor of poor/landless peasants which significantly reduced economic inequality. Over a million landlords were executed.