The Economic Crises of 1929-1933 in Tg.Mureş Cover Image

Criza economică din 1929-1933 în Tg.Mureş
The Economic Crises of 1929-1933 in Tg.Mureş

Author(s): Vasile Şandor
Subject(s): History
Published by: Editura Universităţii Petru Maior
Keywords: crises; bankruptcies; unemployment; low budgets.

Summary/Abstract: The economic crises and its social consequences brooked out in Tîrgu Mureş on the background of rich economical activity in the 20s - at the dimensions of a country town, on the background of a state of people considered by prominent members of the administration and economic life as poverty. The effects of the crises were dramatic, consisting of activity limitations or even bankruptcies, the displacement of economic life towards the darker areas, reduction of budget incomings and the dramatic growth of unemployment. The local authorities were obliged to find solutions as the support of central authorities was limited. Their mobilization and also the mobilization of citizens with material possibilities limited the consequences of the crises of 1929-1934. Starting with 1934 the economic revival took place in Romania and in Tîrgu Mureş, at the same time with the exit from the crisis of the great economic powers. The economic boom subsequent the crises was affected by the new created situation: the beginning of the world war.

  • Issue Year: 09/2009
  • Issue No: 1
  • Page Range: 129-146
  • Page Count: 18
  • Language: Romanian