After the Great Depression every country did whatever they could to pull themselves out of debt and to pave the way for a better future. Hungary had established increased trade with the Fascists in Italy and the Nazis in Germany. After being pressured to join the Axis powers by Germany, Hungary tried to avoid direct involvement in the war but found it to be inevitable. While waging war against the Soviets, Hungary attempted to engage in peace negotiations with the US behind Hitler’s back. When Hitler found out, he attacked Hungary with all of his fury, and occupied it until the Soviet troops liberated the country.
On this day October 23rd, in 1944, The Soviet’s Red Army entered German-occupied Hungary for the first time in World War II. The Soviets maintained control in Hungary long after the war, until the collapse of the Soviet Union. The only time they lost control was during the Hungarian Revolution of 1956, and then for a very short period of time.
When the third Hungarian Republic was established in the 1990’s, many state subsidies were removed causing a severe recession and very difficult living standards. After electing a Socialist party in 1994 and then joining the European Union in 2004 Hungary became more financially stable.