Hungary, the same country that attempted to overthrow communism in 1956, immediately followed Poland’s lead. In October 1989, opponents of the Communist Party took it over and dissolved it. A new constitution allowed for national elections in 1990, and the people defeated the communists in power. Hungary embraced some free enterprise and started a stock market. But like much of Eastern Europe, socialists remained powerful and in 1994 they crept back into power and raised taxes. Today Hungary is a mixture of socialism and free enterprise. | Hungary, the same country that attempted to overthrow communism in 1956, immediately followed Poland’s lead. In October 1989, opponents of the Communist Party took it over and dissolved it. A new constitution allowed for national elections in 1990, and the people defeated the communists in power. Hungary embraced some free enterprise and started a stock market. But like much of Eastern Europe, socialists remained powerful and in 1994 they crept back into power and raised taxes. Today Hungary is a mixture of socialism and free enterprise. |