Treaty of Trianon

Economic consequences of Trianon Before the first World War Hungary was a stir up of the Habsburg Monarchy, therefore the country basically relied on the commercialise of the Empire. Being a member of the Monarchy ensured economic unity which meant joint currency, common tariff and market constitution. In 1918 the Monarchy became disintegrated: Hungary got into a new-sprung(prenominal) situation; she had to reorganise her international trade, the tariff system and had to break own money. June 4., 1920. : Magyar delegation signed the peace pact in Versailles (Grand Trianon) The Treaty contained the following conditions: ? Fixing of new Hungarian borders. The new area became one third of the original one, 57% of the Hungarian population was excluded. The country lost Upper Hungary (Felvidék), pigboat Carpathia (Kárpátalja), Transylvania, the Partium, Bánát, Bácska and Burgenland. ? Hungary was not allowed to reunite her territories with Austria ? Restrictions in connection with rearmament. Hungary was not allowed to have permament army, she was restricted in transportation and aviation, abolition of conscription. ? Protection of minority ? Bringing of war-criminals to trial ? Paying of huge reparation. Hungary had to present in money, coal and animals. Moreover all of state possessions became blocked.

Hungarian economy after the Treaty 1. Great territorial losses ? Significant part of earthy material sources was lost: salt, golden, silver, copper, manganese (Nagybánya, Körmöcbánya, Selmecbánya), rock oil (Nyitra, Erdély, Muraköz). The problem with this was not only the shortage of income but the disproportion among the amount of raw materials and the capacity. In other words the raw materials were lost but the processing industries (feldolgozóipar) remained in Hungary. ? 38% of the rail line system remained. Consequence: Transportation and travel became harder and more expensive. The system had to be reorganised. ? 31% of iron... If you want to get a practiced essay, order it on our website: Orderessay

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