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Hungarian economic consequences due to the Treaty of Trianon. "A New World Was Born" [200] permanent exhibition in the Buda Castle. (Kingdom of Hungary without Kingdom of Croatia-Slavonia) Post-Trianon Hungary possessed 90% of the engineering and printing industry of the pre-war kingdom, while only 11% of timber and 16% of iron was retained.
One week later, World War II started with Nazi Germany's invasion of Poland, followed three weeks later by the Soviet invasion of Poland, which was completely erased from the map. In the following years, Nazi Germany and the Soviet Union changed the borders established by the peace treaties at the end of World War I.
After World War II, both the Federal Republic and Democratic Republic of Germany were obliged to pay war reparations to the Allied governments, according to the Potsdam Conference. Other Axis nations were obliged to pay war reparations according to the Paris Peace Treaties, 1947. Austria was not included in any of these treaties.
It promptly approved a plan for the apportionment of Austrian-Hungarian debt to the successor states that had been proposed by Ludwig von Mises, [2] and its remit was broadened to reparations by other central powers, namely Austria (by the Treaty of Saint-Germain-en-Laye), Bulgaria (treaty of Neuilly-sur-Seine), and Hungary (Treaty of Trianon).
War reparations made pursuant to the San Francisco Peace Treaty with Japan (1951) include: reparations amounting to US$550 million (198 billion yen 1956) were made to the Philippines, and US$39 million (14.04 billion yen 1959) to South Vietnam; payment to the International Committee of the Red Cross to compensate prisoners of war (POW) of 4.5 ...
The Hungarian Interwar Economy was the economy of Hungary in the period between the end of the First World War and the start of the Second World War. It was dominated by the effects of the Treaty of Trianon and the Great Depression. The economy suffered from inflation and reperation payments stipulated by the Treaty of
Article 231, often known as the "War Guilt" clause, was the opening article of the reparations section of the Treaty of Versailles, which ended the First World War between the German Empire and the Allied and Associated Powers.
Map of the Treaty of Trianon. In red are the Hungarian communities that were left outside of Hungary after the signing of the treaty. Memorial of the Treaty of Trianon in Békéscsaba, Hungary. The Trianon syndrome or Trianon trauma [1] (Hungarian: Trianon szindróma or Trianon trauma) is the name given to a social phenomenon mostly occurring ...