Great Depression in Romania

Romania had to fight inflation and the non-convertibility of its currency, the Romanian leu (lei in plural).

To fight the economic crisis, the National Bank of Romania carried out various measures and the country took various loans.

[1][2] The Great Depression led to a drop of 50% in industrial production and an increase of 300,000 persons in unemployment in Romania.

The banking crisis, announced as early as 1930, created a panic among depositors, as people began to withdraw their money en masse.

The strike was brought about by the increasingly poor working conditions of railway employees in the context of the Great Depression in Romania.