Editing Economy of Hungary (section)

=== Modern Age ===

[[File:Berthold Weiss Canned Foods.jpg|thumb|left|250px|The Berthold and [[Manfred Weiss Canned Food Factory]] (1880)]]
[[File:BKIK épülete.jpg|thumb|left|250px|Chamber of Commerce and Industry of Budapest, beginning of the 20th century]] 		 	
The Hungarian economy prior to [[World War II]] was primarily oriented toward agriculture and small-scale manufacturing. Hungary's strategic position in [[Europe]] and its relative high lack of natural resources also have dictated a traditional reliance on foreign trade. For instance, its largest car manufacturer, [[Magomobil]] (maker of the ''Magosix''), produced a total of a few thousand units.<ref>[[G.N. Georgano]] ''Cars: Early and Vintage, 1886–1930''. (London: Grange-Universal, 1985)</ref> In the early 1920s the textile industry began to expand rapidly, by 1928 it became the most important industry in the foreign trade of Hungary exporting textile goods worth more than 60 million pengős in that year. Companies like [[MÁVAG]] exported locomotives to [[India]] and [[South-America]], its [[MÁV Class 601|locomotive no. 601]] was the largest and most powerful in [[Europe]] at the time.