The National Liberals' unexpectedly poor showing prevented it from creating a government on its own (obtaining 40% of the vote would have automatically awarded them a large parliamentary majority).

King Carol II invited the fascist Octavian Goga to form a government, though his National Christian Party finished fourth and had an avowedly anti-Semitic platform.

[4] The campaign was marred by violent clashes between the two fascist groups, the National Christian Party's Lăncieri and the Iron Guard.

However, Carol became alarmed with overtures being made by the National Christian Party towards the Iron Guard,[7] and on 10 February 1938 he sacked Goga after only 45 days in office, suspended the constitution, cancelled the elections, and seized emergency powers.

By the time of the first elections after World War II in 1946, the country had passed through two more dictatorships and a fourth, Communist one was rapidly consolidating.