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Hungarian Interwar Economy
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 Trianon. The economy of Hungary began to recover after a trade agreement with Germany, which influenced Hungary's joining of the Axis. After Trianon Following the Treaty of Trianon on June 4, 1920, Hungary, one of the defeated powers, was reduced to nearly 32.6% of its former size. The treaty established which states would replace the former Kingdom of Hungary, with the most dramatic economic consequences of the dismantling affecting Hungary herself. Before the war Hungary depended upon the Austrian and Czech parts of the empire for the import of up to 80% of Hungary’s raw materials and a market accepting an equal percentage of Hungarian exports; the end of th ...
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Hungary
Hungary ( hu, Magyarország ) is a landlocked country in Central Europe. Spanning of the Pannonian Basin, Carpathian Basin, it is bordered by Slovakia to the north, Ukraine to the northeast, Romania to the east and southeast, Serbia to the south, Croatia and Slovenia to the southwest, and Austria to the west. Hungary has a population of nearly 9 million, mostly ethnic Hungarians and a significant Romani people in Hungary, Romani minority. Hungarian language, Hungarian, the Languages of Hungary, official language, is the world's most widely spoken Uralic languages, Uralic language and among the few non-Indo-European languages widely spoken in Europe. Budapest is the country's capital and List of cities and towns of Hungary, largest city; other major urban areas include Debrecen, Szeged, Miskolc, Pécs, and Győr. The territory of present-day Hungary has for centuries been a crossroads for various peoples, including Celts, Ancient Rome, Romans, Germanic peoples, Germanic trib ...
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Hungarian Pengő
The pengő (; sometimes written as ''pengo'' or ''pengoe'' in English) was the currency of Hungary between 1 January 1927, when it replaced the korona, and 31 July 1946, when it was replaced by the forint. The pengő was subdivided into 100 fillér. Although the introduction of the pengő was part of a post-World War I stabilisation program, the currency survived for only 20 years and experienced the most serious case of hyperinflation ever recorded. Name The Hungarian participle ''pengő'' means 'ringing' (which in turn derives from the verb ''peng'', an onomatopoeic word equivalent to English 'ring') and was used from the 15th to the 17th century to refer to silver coins making a ringing sound when struck on a hard surface, thus indicating their precious metal content. (The onomatopoeic word used for gold coins is ''csengő'', an equivalent of English 'clinking' meaning a sharper sound; the participle used for copper coins is ''kongó'' meaning a deep pealing sound.) After the ...
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The Economic History Review
''The Economic History Review'' is a peer-reviewed history journal published quarterly by Wiley-Blackwell on behalf of the Economic History Society. It was established in 1927 by Eileen Power and is currently edited by Sara Horrell, Jaime Reis and Patrick Wallis. Its first editors were E. Lipson and R. H. Tawney and other previous editors include M. M. Postan, H. J. Habbakuk, Max Hartwell (1960–1968), Christopher Dyer, Nicholas Crafts, John Hatcher, Richard Smith, Jane Humphries, Steve Hindle and Phillipp Schofield. Edition The lead editors are John Turner, Giovanni Federico and Tirthankar Roy and the editorial board counts 21 other editors including Jane Humphries and Debin Ma from the University of Oxford, Sara Horrell, Max-Stephan Schulze and Patrick Wallis from the London School of Economics. The journal has published 75 volumes usually composed of 4 annual issues. Ranking It is considered one of the best economic history journals along with the Journal of Econ ...
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Thornton Butterworth
Thornton or ''variant'', may refer to: People *Thornton (surname), people with the surname ''Thornton'' *Justice Thornton (other), judges named "Thornton" *Thornton Wilder, American playwright Places Australia *Thornton, New South Wales * Thornton, Queensland, a locality in the Lockyer Valley Region * Thornton, South Australia, a former town * Thornton, Victoria Canada *Thornton, Ontario New Zealand * Thornton, Bay of Plenty, settlement in the Bay of Plenty * Thornton, Waikato, suburb of Hamilton * Thornton Bay, settlement on the Coromandel Peninsula South Africa * Thornton, Cape Town United Kingdom * Thornton, Angus, a location *Thornton, Buckinghamshire *Thornton, East Riding of Yorkshire *Thornton, Fife *Thornton, Lancashire * Thornton, Leicestershire *Thornton, Lincolnshire *Thornton, Merseyside * Thornton, Northumberland, a location *Thornton, Middlesbrough, North Yorkshire *Thornton, Pembrokeshire *Thornton, West Yorkshire *Thornton Abbey, Lincolnshire ...
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Routledge
Routledge () is a British multinational publisher. It was founded in 1836 by George Routledge, and specialises in providing academic books, journals and online resources in the fields of the humanities, behavioural science, education, law, and social science. The company publishes approximately 1,800 journals and 5,000 new books each year and their backlist encompasses over 70,000 titles. Routledge is claimed to be the largest global academic publisher within humanities and social sciences. In 1998, Routledge became a subdivision and imprint of its former rival, Taylor & Francis Group (T&F), as a result of a £90-million acquisition deal from Cinven, a venture capital group which had purchased it two years previously for £25 million. Following the merger of Informa and T&F in 2004, Routledge became a publishing unit and major imprint within the Informa "academic publishing" division. Routledge is headquartered in the main T&F office in Milton Park, Abingdon, Oxfords ...
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Communist
Communism (from Latin la, communis, lit=common, universal, label=none) is a far-left sociopolitical, philosophical, and economic ideology and current within the socialist movement whose goal is the establishment of a communist society, a socioeconomic order centered around common ownership of the means of production, distribution, and exchange which allocates products to everyone in the society.: "One widespread distinction was that socialism socialised production only while communism socialised production and consumption." Communist society also involves the absence of private property, social classes, money, and the state. Communists often seek a voluntary state of self-governance, but disagree on the means to this end. This reflects a distinction between a more libertarian approach of communization, revolutionary spontaneity, and workers' self-management, and a more vanguardist or communist party-driven approach through the development of a constitutional soc ...
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Eastern Europe
Eastern Europe is a subregion of the European continent. As a largely ambiguous term, it has a wide range of geopolitical, geographical, ethnic, cultural, and socio-economic connotations. The vast majority of the region is covered by Russia, which spans roughly 40% of the continent's landmass while accounting for approximately 15% of its total population."The Balkans"
, ''Global Perspectives: A Remote Sensing and World Issues Site''. Wheeling Jesuit University/Center for Educational Technologies, 1999–2002.
It represents a significant part of ; the main socio-cultural characteristics of Eastern Europe have historically been defined by the tradi ...
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Red Army
The Workers' and Peasants' Red Army ( Russian: Рабо́че-крестья́нская Кра́сная армия),) often shortened to the Red Army, was the army and air force of the Russian Soviet Federative Socialist Republic and, after 1922, the Union of Soviet Socialist Republics. The army was established in January 1918. The Bolsheviks raised an army to oppose the military confederations (especially the various groups collectively known as the White Army) of their adversaries during the Russian Civil War. Starting in February 1946, the Red Army, along with the Soviet Navy, embodied the main component of the Soviet Armed Forces; taking the official name of "Soviet Army", until its dissolution in 1991. The Red Army provided the largest land force in the Allied victory in the European theatre of World War II, and its invasion of Manchuria assisted the unconditional surrender of Imperial Japan. During operations on the Eastern Front, it accounted for 75–80% of cas ...
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Axis Powers Of World War II
The Axis powers, ; it, Potenze dell'Asse ; ja, 枢軸国 ''Sūjikukoku'', group=nb originally called the Rome–Berlin Axis, was a military coalition that initiated World War II and fought against the Allies. Its principal members were Nazi Germany, the Kingdom of Italy, and the Empire of Japan. The Axis were united in their opposition to the Allies, but otherwise lacked comparable coordination and ideological cohesion. The Axis grew out of successive diplomatic efforts by Germany, Italy, and Japan to secure their own specific expansionist interests in the mid-1930s. The first step was the protocol signed by Germany and Italy in October 1936, after which Italian leader Benito Mussolini declared that all other European countries would thereafter rotate on the Rome–Berlin axis, thus creating the term "Axis". The following November saw the ratification of the Anti-Comintern Pact, an anti-communist treaty between Germany and Japan; Italy joined the Pact in 1937, followed ...
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Gyula Gömbös
Gyula Gömbös de Jákfa (26 December 1886 – 6 October 1936) was a Hungarian military officer and politician who served as Prime Minister of Hungary from 1 October 1932 to his death. Background Gömbös was born in Murga, Tolna County, Kingdom of Hungary, which had a mixed Hungarian and ethnic German population. He was the son of Gyula Gömbös de Jákfa (1858–1921), a member of untitled Hungarian nobility and Maria Weitzel (b.1867). His father was the village schoolmaster. The family belonged to the Hungarian Evangelical (i. e. Lutheran) Church. Gömbös entered the Austro-Hungarian Army as a cadet in Pécs and quickly became a member of the officer corps, serving as a captain during World War I. In the army, Gömbös became a staunch advocate of Hungary's gaining independence from Austria and a bitter critic of the Habsburgs. After World War I ended, and Hungary split from Austria, Gömbös joined conservative Hungarian forces in Szeged that were unwilling to suppo ...
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The Times
''The Times'' is a British daily national newspaper based in London. It began in 1785 under the title ''The Daily Universal Register'', adopting its current name on 1 January 1788. ''The Times'' and its sister paper '' The Sunday Times'' (founded in 1821) are published by Times Newspapers, since 1981 a subsidiary of News UK, in turn wholly owned by News Corp. ''The Times'' and ''The Sunday Times'', which do not share editorial staff, were founded independently and have only had common ownership since 1966. In general, the political position of ''The Times'' is considered to be centre-right. ''The Times'' is the first newspaper to have borne that name, lending it to numerous other papers around the world, such as '' The Times of India'', ''The New York Times'', and more recently, digital-first publications such as TheTimesBlog.com (Since 2017). In countries where these other titles are popular, the newspaper is often referred to as , or as , although the newspaper is of nati ...
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Hungarian National Bank
The Hungarian National Bank ( hu, Magyar Nemzeti Bank (MNB)) is the central bank of Hungary and as such part of the European System of Central Banks (ESCB). The Hungarian National Bank was established in 1924 and succeeded the Royal Hungarian State Bank, which introduced the Hungarian forint on 1 August 1946. The Hungarian National Bank lays special emphasis on its international relations and on participation in the professional forums of international economic institutions and financial organisations (EU, IMF, OECD, BIS). Its principal aim is price stability, but it is also responsible for issuing the national currency, the Hungarian forint, forint, controlling the money Circulation (currency), in circulation, setting the Central Bank base rate, publishing official exchange rates, and managing the foreign-exchange reserves and gold to influence exchange rates. Operations The Governor of the Hungarian National Bank is appointed by the President of Hungary at the proposal of the ...
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