Skip to main content

Valyi, Peter

VALYI, PETER

VALYI, PETER (1919–1973), Hungarian statesman. Valyi was born in Szombathely, Hungary. His father, Emanuel, the owner of a brick factory, was for some time head of the local Jewish community. There was even a suggestion that Valyi should train for the rabbinate, and for this purpose, in addition to his secular studies at the local high school, he was taught Bible and Talmud privately. During the period of Nazi rule in Hungary in 1944, the Valyi family was exempted from transportation to Auschwitz in view of the fact that the head of the family had been awarded a gold medal for bravery in World War i.

Valyi graduated as an engineer at the Technion of Budapest. As soon as the Red Army entered Hungary, he joined the ranks of the Communist Party, gradually rising to a position of importance. In 1954, he was appointed deputy director of the planning organization of the Communist Party and continued in this office until 1967, when he was appointed minister of finance in the government of Hungary. In 1970, he was appointed deputy prime minister, and put in charge of economic planning. He was regarded as the father of the new policy which produced a remarkable growth of Hungary's economy. This policy, which included the establishment of strong economic ties with the West, was not viewed favorably by the Russians and it also met with internal opposition. As a result, it was only in his last years that Valyi was elected to the Central Committee of the party, and he was never made a member of the Politburo. From the time that he rose to prominence, Valyi severed all relations with the Jewish community, and even with members of his family. He died in mysterious circumstances in 1973. According to reports, he fell into a furnace while inspecting the processes of steel manufacture at a factory.

Cite this article
Pick a style below, and copy the text for your bibliography.

  • MLA
  • Chicago
  • APA

"Valyi, Peter." Encyclopaedia Judaica. . Encyclopedia.com. 13 Nov. 2018 <https://www.encyclopedia.com>.

"Valyi, Peter." Encyclopaedia Judaica. . Encyclopedia.com. (November 13, 2018). https://www.encyclopedia.com/religion/encyclopedias-almanacs-transcripts-and-maps/valyi-peter

"Valyi, Peter." Encyclopaedia Judaica. . Retrieved November 13, 2018 from Encyclopedia.com: https://www.encyclopedia.com/religion/encyclopedias-almanacs-transcripts-and-maps/valyi-peter

Learn more about citation styles

Citation styles

Encyclopedia.com gives you the ability to cite reference entries and articles according to common styles from the Modern Language Association (MLA), The Chicago Manual of Style, and the American Psychological Association (APA).

Within the “Cite this article” tool, pick a style to see how all available information looks when formatted according to that style. Then, copy and paste the text into your bibliography or works cited list.

Because each style has its own formatting nuances that evolve over time and not all information is available for every reference entry or article, Encyclopedia.com cannot guarantee each citation it generates. Therefore, it’s best to use Encyclopedia.com citations as a starting point before checking the style against your school or publication’s requirements and the most-recent information available at these sites:

Modern Language Association

http://www.mla.org/style

The Chicago Manual of Style

http://www.chicagomanualofstyle.org/tools_citationguide.html

American Psychological Association

http://apastyle.apa.org/

Notes:
  • Most online reference entries and articles do not have page numbers. Therefore, that information is unavailable for most Encyclopedia.com content. However, the date of retrieval is often important. Refer to each style’s convention regarding the best way to format page numbers and retrieval dates.
  • In addition to the MLA, Chicago, and APA styles, your school, university, publication, or institution may have its own requirements for citations. Therefore, be sure to refer to those guidelines when editing your bibliography or works cited list.