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| 1921–34 |
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| ALEXANDER I. He was a hard-working, intelligent ruler whose aim was to consolidate the kingdom despite opposition from Croats and other groups. | 1 |
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| 1922 |
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| The government quickly dealt with a financial crisis and inflation by stabilizing the dinar. Despite political instability, Yugoslavia experienced economic progress in the 1920s: in 1924 exports exceeded imports for the first time, and by 1926 Yugoslavia had paid all of its war debt. | 2 |
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| April |
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| Centralization was strengthened by a law detailing the administration of the new nation along French lines. Historic provinces were eliminated, as the nation was broken into districts administered by crown-appointed prefects. | 3 |
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