Editing Economy of Romania (section)

===Before World War II===
The economy of Romania entered modernity with the [[Treaty of Adrianople (1829)|Treaty of Adrianople]] in 1829, ending centuries of Turkish control. Economic growth was stimulated by several milestones: the discovery and industrial exploitation of oil in 1857, the political union between [[Wallachia]] and [[Moldavia]] in 1859, land reforms, adoption of a local currency, the [[Romanian leu|leu]] (1867), the state independence (1877), as well as the building of an extensive rail-road system under king Carol I.

After the dissolution of neighbouring [[Russian Empire|Russian]] and [[Austro-Hungarian Empire|Austro-Hungarian]] empires following World War I, several Romanian-speaking provinces ([[Transylvania]], [[Bessarabia]], [[Banat]], [[Bukovina]]) united with the Kingdom of Romania, forming the Romanian state in its modern form. The application of radical agricultural reforms and the passing of a new constitution created a democratic framework and allowed for quick economic growth (industrial production doubled between 1923 and 1938, despite the effects of the [[Great Depression in Romania]]).

Until World War II, Romania was Europe's second-largest oil and food producer.<ref>{{cite news| url=https://www.telegraph.co.uk/sponsored/motoring/europa/7306099/Business-in-Romania-a-country-thats-fast-off-the-Bloc.html | work=The Daily Telegraph | location=London | title=Business in Romania: a country that's fast off the Bloc – Two years of EU membership have transformed the business face of Romania and savvy UK firms are reaping the rewards. Paul Bray reports. | date=24 February 2010 | access-date=2010-05-01}}</ref>