The Historical Background of the Hungarian Economy - From the Declaration of the Austro-Hungarian Monarchy to the Regime Change

The paper presents an analysis of the economic history of Hungary, from the establishment of the Austro-Hungarian Monarchy in 1867 to the regime change that occurred around 1989. This is situated within the context of a broader study that aims to examine the potential for economic collaboration between the V4+ countries. During the Austro-Hungarian Monarchy, Hungary was a prominent European economic powerhouse, experiencing substantial growth due to the Industrial Revolution and robust economic integration within the Monarchy. However, World War I, the subsequent Treaty of Trianon, the dissolution of the Austro-Hungarian Monarchy, World War II, and the Soviet regime resulted in substantial territorial and economic losses, which had a significant impact on the country's industrial and agricultural sectors and the consequences of this are still discernible today.