despite having been greatly reduced in size following the war, hungary, due to its agricultural efficiency, still exported more wheat than any other state in europe at the time . the economy did well from the 1924/25 financial year until 1929/30. when the great depression hit in 1929 there was a collapse of world wheat prices putting hungary, heavily depended on wheat export, into a budget deficit. from july 1930- july 1934 the boletta system was put into place, providing price support and tax relief for farms in an attempt to manage the economic crisis caused by the decline in wheat prices. the national council for industry was also established to help regulate the industrial sector of the economy.