ABSTRACT
Like Greece, Romania had emerged from the First World War on the Allied side. Unlike Greece, she had accomplished all her aims and become 'greater' Romania by more than doubling the territory and population of the 'old' kingdom. The Romanian National Party of Transylvania came out top with 30 per cent. The Kingdom of the Serbs, Croats and Slovenes was thus more complex than 'greater' Romania. The politicians of Serbia mistrusted the very notion of federalism, they had no comprehension of the formalism of the 'rights' question which dominated Croatia's political life, but they were not automatically averse to regional autonomy. The recovery, slow and uneven, was cut short by the Depression, which began to affect Romania in 1929, with a steady fall in grain prices. Industrial production had been almost totally disrupted by the war, but recovery was rapid.
