Word: hungarian
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Dates: during 1940-1949
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Reparations are absorbing between 80 and 90% of current coal, iron and machinery output. "Hungarian heavy industry is producing practically nothing for domestic requirements...
...Army, whose 600,000 Hungarian-based troops live off the land, requisitioned 4,000,000 tons of wheat, rye, barley, corn and oats during 1945. In a typical prewar year when crops were much more bountiful than now, Hungary's farms produced only 7,189,000 tons of these grains...
Gold & Yalta. The Soviet Government, in its own analysis of the Hungarian crisis, had charged that the U.S. was keeping in its German and Austrian zones $3 billion of property which the Nazis had taken from Hungary. Said the U.S. note: "The [Soviet estimate] is grossly exaggerated. The most important single item of Hungarian property in the American zones appears to be ... gold . . . which amounts to approximately $32,000,000." This gold is now on its way back to Budapest...
...future of Danubian peoples depended less on whether they lived under the Rumanian or Hungarian or other national flag than whether they were allowed to trade with the whole world-and not merely with Russia. The U.S. had offered a clause for all the Balkan treaties: "Navigation of the Danube . . . shall be free and open on terms of entire equality to nationals, vessels of commerce and goods of all states." Russia has not accepted the clause. The free Danube thus becomes the most significant issue presented to the Paris conference...
Last week the Hungarian inflation came far closer to needing evaluation by googol than any other inflation in history. The pengo was quoted at 500.000,000,000,000,000,000 to the dollar. At that point the Finance Ministry withdrew it from circulation, replaced it by something called the "index pengo," at 6,500,000 to the dollar. If the ordinary pengo had merely added a zero a day for another 80 days, it would have passed the googol...