Károly Olt
Encyclopedia
Károly Olt was a Hungarian
politician, who served as Minister of Finance between 1950 and 1956. He moved from Transylvania
to Hungary
in 1920 (after the Treaty of Trianon
). He became member of the Hungarian Communist Party
in 1930. He was arrested and condemned because of his communist activities. After that Olt took part in the reestablishment of the communist party. Between 1947 and 1 June 1949 he served as Minister of Welfare. He was appointed Speaker of the National Assembly of Hungary in 1949. Between 1950 and 1951 he worked as secretary of the Presidential Council. After his financial ministership he was member of the party's Central Leadership. Between 1957 and 1961 he was one of the members of the Presidential Council.
Hungary
Hungary , officially the Republic of Hungary , is a landlocked country in Central Europe. It is situated in the Carpathian Basin and is bordered by Slovakia to the north, Ukraine and Romania to the east, Serbia and Croatia to the south, Slovenia to the southwest and Austria to the west. The...
politician, who served as Minister of Finance between 1950 and 1956. He moved from Transylvania
Transylvania
Transylvania is a historical region in the central part of Romania. Bounded on the east and south by the Carpathian mountain range, historical Transylvania extended in the west to the Apuseni Mountains; however, the term sometimes encompasses not only Transylvania proper, but also the historical...
to Hungary
Hungary
Hungary , officially the Republic of Hungary , is a landlocked country in Central Europe. It is situated in the Carpathian Basin and is bordered by Slovakia to the north, Ukraine and Romania to the east, Serbia and Croatia to the south, Slovenia to the southwest and Austria to the west. The...
in 1920 (after the Treaty of Trianon
Treaty of Trianon
The Treaty of Trianon was the peace agreement signed in 1920, at the end of World War I, between the Allies of World War I and Hungary . The treaty greatly redefined and reduced Hungary's borders. From its borders before World War I, it lost 72% of its territory, which was reduced from to...
). He became member of the Hungarian Communist Party
Hungarian Communist Party
The Communist Party of Hungary , renamed Hungarian Communist Party in 1945, was founded on November 24, 1918, and was in power in Hungary briefly from March to August 1919 under Béla Kun and the Hungarian Soviet Republic. The communist government was overthrown by the Romanian Army and driven...
in 1930. He was arrested and condemned because of his communist activities. After that Olt took part in the reestablishment of the communist party. Between 1947 and 1 June 1949 he served as Minister of Welfare. He was appointed Speaker of the National Assembly of Hungary in 1949. Between 1950 and 1951 he worked as secretary of the Presidential Council. After his financial ministership he was member of the party's Central Leadership. Between 1957 and 1961 he was one of the members of the Presidential Council.