| Treaty of Peace between the United States of America and Hungary | |
|---|---|
| Signed | 29 August 1921 (1921-08-29) |
| Location | Budapest, Hungary |
| Effective | 17 December 1921 |
| Condition | Ratification by Hungary and the United States. |
| Signatories |  Miklós Bánffy |
| Parties | |
| Citations | 42 Stat. 1951,TS 660, 8 Bevans 982, 48 LNTS 191 |
| Languages | Hungarian,English,French[1] |
| Full text | |
 US - Hungary Peace Treaty atWikisource | |
TheU.S.–Hungarian Peace Treaty is a peace treaty between theUnited States and theKingdom of Hungary, signed in Budapest on August 29, 1921, in the aftermath of theFirst World War. This separate peace treaty was required because theUnited States Senate refused to ratify the multilateralTreaty of Trianon.
Ratifications were exchanged in Budapest on December 17, 1921, and the treaty became effective on the same day. The treaty was registered in theLeague of NationsTreaty Series on May 8, 1926.[2]
During the First World War, Hungary—which formed part of the nucleus of theAustro-Hungarian Empire—was defeated by theAllied Powers, one of which was theUnited States of America. The U.S. government declared war on Austria-Hungary on December 7, 1917. At the end of the war in 1918, Austria-Hungary disintegrated and Hungary was established as ademocratic republic, to be replaced by aregency in search of a king in early 1920.
In 1919, the victorious Allied Powers held apeace conference in Paris to formulate peace treaties with the defeatedCentral Powers. At the conference,a peace treaty with the Hungarian government was concluded. Although the US government was among the signatories of that treaty, the Senate refused to ratify the treaty due to opposition to joining theLeague of Nations.
As a result, the two governments started negotiations for a bilateral peace treaty not connected to the League of Nations. Such a treaty was concluded on August 29, 1921.
Article 1 obliged the Hungarian government to grant to the US government all rights and privileges enjoyed by the other Allied Powers who ratified the peace treaty signed in Paris.
Article 2 specified which articles of the Trianon treaty shall apply to the United States.
Article 3 provided for the exchange of ratifications in Budapest.
The treaty laid the foundations for a U.S.–Hungarian cooperation not under the strict supervision of the League of Nations. As a result, the U.S. government embarked on a path of partially assisting the government of Hungary to ease the burden of war reparations imposed in the Treaty of Trianon.
The treaty was supplemented by a treaty signed in Washington on November 26, 1924, which provided for the establishment of a mixed U.S.–Austrian–Hungarian commission to decide amount of reparations to be paid by the Austrian and Hungarian governments to the U.S.[3]
