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| 1947, Feb. 10 |
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| The HUNGARIAN PEACE TREATY was signed in Paris. It called for the return of Transylvania to Romania, a small frontier rectification in favor of Czechoslovakia, reparations, and the reduction of armed forces. | 1 |
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| Feb. 25 |
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| The arrest of Béla Kovács, secretary general of the Smallholders' Party, for alleged plotting against the occupation forces, ushered in the gradual purge of the party's anticommunist wing. | 2 |
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| May 31 |
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| Premier Imre Nagy, accused of conspiracy by the Communists, resigned and was replaced by Lajos Dinnyes; the Communist Party soon won complete control over the country. | 3 |
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| Aug. 1 |
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| A three-year plan went into effect, calling for a planned economy and nationalization of the banks. | 4 |
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| Aug. 31 |
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| A general election gave the Communists the largest number of seats. Premier Dinnyes continued in office at the head of a coalition cabinet of 15 members, including five Communists. | 5 |
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