"Greater Rumania was primarily an agricultural country, but its industry held an important place in the economy of South-Eastern Europe. With its fertile soil, great reserves of mineral resources and considerable water-power Rumania could have been one of the richest countries of Europe. But while the land was full of natural wealth the standard of living of the people remained a low one. Only a small part of Rumania's resources was exploited, and an even smaller part for the benefit of her inhabitants."