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| 1938, Feb |
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| Szálasi was again arrested, with 72 associates. He was sentenced to prison, and drastic steps were taken to stamp out the Fascist-Nazi movement. But with the annexation of Austria by Germany (March 13), the large German element in Hungary (c. 500,000) became more and more restless. | 1 |
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| May 13 |
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| A new cabinet was formed by Béla Imredy, eminent financier, who was regarded by the ruling classes as the strong man needed to manage the situation. Imredy did, indeed, rule with a strong hand. At the same time, however, he initiated certain political and economic reforms (a part of all large estates to be distributed to the peasantry, etc.) and undertook the limitation of Jewish activity in business and the professions. In this way he hoped to steal the thunder of the Nazi agitators. For the rest he tried to maintain good relations with Germany. | 2 |
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| Nov. 2 |
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| ACQUISITION OF SOUTHERN SLOVAKIA, as a result of the dismemberment of Czechoslovakia. Hungary was given 5,000 square miles of territory, with 1 million inhabitants. | 3 |
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