Count István Tisza is still blamed by liberal and left-wing historiographers for Hungary entering WWI, despite clear evidence of his anti-war stance. It is rather anachronistic to hold Tisza to democratic standards that did not exist at the time and with the wisdom of hindsight: the knowledge of how the war ended.
‘The kuruc were never mindless rabble-rousers, just like the labanc were never simply unpatriotic traitors. While the merits and good practices of kuruc and 49ist politicians have been been amply publicised and celebrated, the labanc side was often sidelined, and as a result, their perspectives and values are still missing from contemporary politics. It would be worth devoting more attention to the ideas of the Young Conservatives from the Era of Reform. They understood that while our interests must be unwaveringly represented and fought for, Hungary cannot stand alone in turbulent times.’
The minister reminded all that the independent Hungarian Ministry of Finance was the first lasting success of the revolution. In April 1848, Lajos Kossuth began working on the establishment of the ministry, and it started its operations in May of that year.
In 1860, Emperor Franz Joseph I of Austria and King of Hungary issued a decree mandating the establishment of commodity exchanges in the major cities of the Habsburg Empire. As a result, the Pest Lloyd Association was commissioned to create a stock exchange plan, which not only included a commodity exchange but also envisioned the establishment of a stock exchange.