Danubius International Conferences, 11th International Conference on European Integration - Realities and Perspectives

Romanian economy During the Great War 1914-1918

Stefan Gheorghe
Last modified: 2016-03-25


Years of neutrality were essentially a worsening fiscal period for most of the residents, authorities rigorously cashing any type of tax. By carrying out a national loan Liberal government managed to reduce the debt he had to the National Bank. Entry actual war will exacerbate the decline of the Romanian economy this unfortunate campaign due to an outcome of the first part of the war. In terms of economic recovery even with economic growth potential of Romania after the union prewar production levels and exports in various fields will be achieved in 1921 and 1924 which will contribute to the deepening economic crisis after the war