The Great War as the last nail in the coffin

The collapse of Austria-Hungary started even prior to signing Armistice of Villa Guisti on 3 November 1918 which meant de facto the end of the war for the Empire. On 28 October there was declaration of Czechoslovak independence, immediately afterwards State of Serbs, Croats and Slovenes was proclaimed on 29 October 1918. Nevertheless the final international binding conditions about future of this exciting multinational "k. u. k. monarchie" were sealed in two treaties. One signed by Allies in Saint-Germain-en-Laye on 10 September 1919 with Austrian representatives and the other one called Trianon Treaty in Versailles on 4 June 1920 with Hungarian representatives.


Disintegration inevitable

Northern part of the Monarchy became Czechoslovakia except Galicia which was incorporated to Poland. Austria and Hungary emerged in the central part as new republics. In the east Bukovina, Transylvania, part of Banat, Crisana and Maramures were ceded to Romania. Italy gained Trentino, South Tyrol, Trieste, Istria, Gorizia and Gradisca. And finally everything to the south was incorporated to Kingdom of Serbs, Croats and Slovenes.

...and the most significant bundle of monetary reforms began!


1. My passion I am fascinated by this era since many years. This has been amplified by my collection interest regarding paper money. Due to this fact I decided to create web pages with relevant and referenced information regarding the collapse of Monarchy and a birth of successor countries, primarily focused on economic and monetary issues but enriched by whatever I found interesting.

2. Always work in progress I am going to publish new information step by step. And I will always post a blog about new things here. These pages will be never ending work of adding and updating information. 

3. Why The question which may come to your mind is why the web is called Yugopapers if it relates to all successor countries. The answer is that in the past my main collection focus was related to notes in the ex-Yugoslavian territory and I simply reused the domain for new purpose. I may change that in future. 

3. Language support I will try to add different language versions, primarily for those languages which are spoken in countries which succeeded Austria-Hungary. Primary version is English, will be followed by Czech and let us see what next. 

4. Contact In case you are interested to discuss this topic, or you are willing to provide me with your feedback for improvements, please be so kind and contact me on I can discuss in English, Czech, Slovak and with limited undestanding in German and Russian.