Két krach Magyarországon, az 1873-as és az 1929-35-ös bankválság párhuzamos elemzése TWO COLLAPSES IN HUNGARY, PARALLEL ANALYSIS OF THE 1873 AND 1929-35 BANK CRISES

Abstract

In my paper I intend to present two big economic crises of the modern age Hungary, their emergence, their reasons, their course, their influence and their importance. I write about the treatment experiments of the financial crises, about the changes of financial institutions. I survey the effect of the banks to the Hungarian economy. I analyse the two ages separately, but I describe the events in parallel.

At first I am dealing with the international economic events and after from big to small I am analysing the Hungarian economy in the two ages. In this study the central factors are the Hungarian banks, their prosperity and later on, their survival experiments in the crises. I analyze the stages of the emergence of financial crises in the two periods, comparing their similarities and differences. Besides, I explain about the position of the finance in Hungary and about the appearing speculation. I mention the question of silver and gold and the boom of the railway building at the last quarter of the XIX. Century. Shortly I present the reasons of the uplift after the Austro-Hungarian Compromise, I introduce the economic consequences of the Trianon peace treaty and the financial prosperity after the middle of the 1920-s. I would like to portray what enormous impact the financial institutions have in modern times in modern states.