Hungarian Economic Policy

HUNGARY HISTORICAL AND ECONOMIC PERSECTIVES Historical Background Prior to 1848, Hungary had enjoyed a endure peace of over 200 years with its bond to Austria, which create the Austro-Hungarian Empire. However, the 1848 Revolution, which began with a bloodless uprising in feller and Buda, was followed by various insurrections throughout the kingdom. This enabled Hungarian reformists to declare Hungarys indecorum at bottom the Habsburg Empire. During the subsequent polite war, the Hungarians (also known as Magyars) had to fight against the Austrian Army as well as against the Serbs, Croats, Slovaks, Romanians and Transylvanian Germans living in the territory of the Kingdom of Hungary, who had their own ethnic-national movements. However, subsequently(prenominal) Austria overcame the revolution within its own b couchs, the Hapsburgs refused to accept Hungarian autonomy. Thus, the Habsburg Dynasty remain ed inherent until 1918. In 1918, as a result of defeat in World state of war I, the Austro-Hungarian Monarchy collapsed. The new policy-making congress officially declared Hungary an independent nation in November, after the end of the war.

After the collapse of the Austro-Hungarian Empire, the countries of Romania, Yugoslavia and Czechoslovakia, support by the US and the Entente Powers, made claims on the historical lands of the Hungarian Monarchy. all in all three countries sent armies into Hungary. Despite its appeals to the Entente, the government could not stretch out the armies of its neighbors and large parts of Hungary were occupied. In January 1920, Hungarian men and wome n wheel the first secret ballots in the cou! ntrys political history and, since the broad(a) left-wing either boycotted or was excluded from the voting, a large right wing majority was elected to a unicameral assembly. In March, the fan tan annulled the Compromise of 1867, and restored the Hungarian monarchy but postponed electing a king until civil disorder had...If you want to get a full essay, order it on our website: OrderEssay.net

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