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the army 'ensured' the election and Horthy became head of the state
this made the Horthy Era begin -
Horthy appointed him. He was a 'liberal old conservative' who insisted on the basis of bourgeoisie society. He refused revolutions, dictatorship and mass democracy.
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Bethlen's goal was to ensure the superiority of KNEP. Since they couldn't get rid of the Social Democrats, they were turned into a loyal opposition.
It was a win-win situation because the Social Democrats got restricted freedom and Bethlen could deactivate the most dangerous opposing force. -
Hungary joined the League of Nations and this event had several advantages (loan, end of isolation)
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Hungary established the National Bank
in this year, we also got a loan from the League of Nations -
the corona lost its value so pengőstarted being used instead of it
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this treaty helped us to break out of the international isolation and gain Mussolini's support against Yugoslavia
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the Great Depression hit Hungary as well and Bethlen couldn't handle the situation. He resigned and his successor was Károlyi Gyula.
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He came to power by demanding the 'changing of the guard'. He was rightist and in favor of the Christian middle class. He was in power until 1936.
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It was an economic cooperation between Hungary,Austria and Italy.
