Milan Stojadinović
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Milan Stojadinović ( sr-Cyrl, Милан Стојадиновић; 4 August 1888 – 26 October 1961) was a Serbian and Yugoslav
politician A politician is a person active in party politics, or a person holding or seeking an elected office in government. Politicians propose, support, reject and create laws that govern the land and by an extension of its people. Broadly speaking ...
and
economist An economist is a professional and practitioner in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this field there are ...
who served as the Prime Minister of Yugoslavia from 1935 to 1939. He also served as Foreign Minister from 1935 to 1939 and as
Minister of Finance A finance minister is an executive or cabinet position in charge of one or more of government finances, economic policy and financial regulation. A finance minister's portfolio has a large variety of names around the world, such as "treasury", " ...
three times (1922–1924, 1924–1926, 1934–1935).


Early life

Milan Stojadinović was born on 4 August 1888 in the Serbian town of Čačak. His father, Mihailo, was a municipal judge who relocated to Belgrade in 1904. It was here that the young Stojadinović finished his secondary education and became a sympathizer of the Serbian Social Democratic Party (SSDP). Later, he came to believe that the liberation of ethnic Serbs who lived in the Austro-Hungarian and Ottoman empires was more important than bridging the gap between the upper and lower classes, and followed in his father's footsteps by joining the
People's Radical Party The People's Radical Party ( sr, Народна радикална странка, Narodna radikalna stranka, abbr. НРС or NRS) was the dominant ruling party of Kingdom of Serbia and later Kingdom of Serbs, Croats and Slovenes from the l ...
(NRS) of
Nikola Pašić Nikola Pašić ( sr-Cyrl, Никола Пашић, ; 18 December 1845 – 10 December 1926) was a Serbian and Yugoslav politician and diplomat who was a leading political figure for almost 40 years. He was the leader of the People's Radical ...
. In the summer of 1906, Stojadinović was sent to Austria to learn German as a reward for successfully completing secondary school. While there, he fell under the influence of South Slavic youth movements and became a supporter of Yugoslav unity. He later returned to Serbia and began his studies at the
University of Belgrade Faculty of Law The Faculty of Law of the University in Belgrade ( sr, Правни факултет Универзитета у Београду/''Pravni fakultet Univerziteta u Beogradu''), also known as the Belgrade Law School, is one of the first-tier educatio ...
, specializing in economics and finance. He spent three years studying abroad, staying in
Munich Munich ( ; german: München ; bar, Minga ) is the capital and most populous city of the German state of Bavaria. With a population of 1,558,395 inhabitants as of 31 July 2020, it is the third-largest city in Germany, after Berlin and Ha ...
and
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during the 1910–11 school year,
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between 1911 and 1912, and
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between 1912 and 1913. Stojadinović's stay in
Germany Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated betwe ...
had a profound effect on his economic views and led him to write a doctoral dissertation on the country's budget. He was greatly influenced by the German historical school of economics, which argued that economic policies should be developed according to the specific economic and cultural conditions prevalent in a society rather than being based on a universal model.


Economist

Stojadinović's competence as an economist became evident during the Balkan Wars of 1912 and 1913 and during
World War I World War I (28 July 1914 11 November 1918), often abbreviated as WWI, was one of the deadliest global conflicts in history. Belligerents included much of Europe, the Russian Empire, the United States, and the Ottoman Empire, with fightin ...
, when he began working in the Serbian
Ministry of Finance A ministry of finance is a part of the government in most countries that is responsible for matters related to the finance. Lists of current ministries of finance Named "Ministry" * Ministry of Finance (Afghanistan) * Ministry of Finance and Ec ...
. Following the
Serbian Army The Serbian Army ( sr-cyr, Копнена војска Србије, Kopnena vojska Srbije, lit=Serbian Land Army) is the land-based and the largest component of the Serbian Armed Forces. History Originally established in 1830 as the Army of Pr ...
's retreat through Albania during the winter of 1915, he withdrew with the Serbian government-in-exile to the Greek island of Corfu. He stayed there between 1916 and 1918 and distinguished himself as a financial expert by helping to stabilize the
Serbian dinar The dinar ( sr-Cyrl, динар, ; paucal: dinara / динара; abbreviation: DIN (Latin) and дин (Cyrillic); code: RSD) is the currency of Serbia. One dinar is subdivided into 100 para. The dinar was first used in Serbia in medieval times, ...
. Stojadinović met his future wife Augusta — a woman of mixed
Greek Greek may refer to: Greece Anything of, from, or related to Greece, a country in Southern Europe: *Greeks, an ethnic group. *Greek language, a branch of the Indo-European language family. **Proto-Greek language, the assumed last common ancestor ...
- German heritage — during his stay in Corfu. The two settled in Belgrade following the war. Stojadinović was appointed assistant manager of a local branch of the English Commercial Bank in 1919, but resigned as director-general of the State Accounts Board of the newly formed
Kingdom of Serbs, Croats and Slovenes Kingdom commonly refers to: * A monarchy ruled by a king or queen * Kingdom (biology), a category in biological taxonomy Kingdom may also refer to: Arts and media Television * ''Kingdom'' (British TV series), a 2007 British television drama s ...
because of disagreements with the government of
Prime Minister A prime minister, premier or chief of cabinet is the head of the cabinet and the leader of the ministers in the executive branch of government, often in a parliamentary or semi-presidential system. Under those systems, a prime minister i ...
Ljubomir Davidović Ljubomir Davidović (24 December 1863 – 19 February 1940) was a Yugoslav and Serbian politician who served as prime minister (1919–1920 and 1924) of the Kingdom of Serbs, Croats, and Slovenes (later called Yugoslavia). Biography Davidovi ...
and his Democratic Party. He lectured economics at the
University of Belgrade The University of Belgrade ( sr, / ) is a public university in Serbia. It is the oldest and largest modern university in Serbia. Founded in 1808 as the Belgrade Higher School in revolutionary Serbia, by 1838 it merged with the Kragujevac-ba ...
from 1920 to 1921, but quickly gave up on
academia An academy (Attic Greek: Ἀκαδήμεια; Koine Greek Ἀκαδημία) is an institution of secondary or tertiary higher learning (and generally also research or honorary membership). The name traces back to Plato's school of philosophy, ...
.


Finance Minister

Stojadinović became the
Minister of Finance A finance minister is an executive or cabinet position in charge of one or more of government finances, economic policy and financial regulation. A finance minister's portfolio has a large variety of names around the world, such as "treasury", " ...
in 1922, aged only 34. He began writing for the Belgrade daily ''
Politika ''Politika'' ( sr-Cyrl, Политика; ''Politics'') is a Serbian daily newspaper, published in Belgrade. Founded in 1904 by Vladislav F. Ribnikar, it is the oldest daily newspaper still in circulation in the Balkans. Publishing and owners ...
'' and the English-language weekly ''
The Economist ''The Economist'' is a British weekly newspaper printed in demitab format and published digitally. It focuses on current affairs, international business, politics, technology, and culture. Based in London, the newspaper is owned by The Eco ...
''. Following the proclamation of a royal dictatorship by King Alexander I in 1929, he sided with a faction of the NRS which stood opposed to the monarch being given dictatorial powers. The Radical Party broke into two in 1929, with the largest faction supporting King Alexander's royal dictatorship and Stojadinović joining the opposition faction headed by the party's Main Committee. Despite being a suspected anti-monarchist by Yugoslav authorities, he was once again appointed to the position of Finance Minister in the government of Bogoljub Jevtić, who became Prime Minister following Alexander's assassination in
Marseille Marseille ( , , ; also spelled in English as Marseilles; oc, Marselha ) is the prefecture of the French department of Bouches-du-Rhône and capital of the Provence-Alpes-Côte d'Azur region. Situated in the camargue region of southern Fra ...
in October 1934. By this point, Stojadinović was the vice-president of the Belgrade Stock Exchange, chairman of a river navigation company, the director of a British-owned broadcasting station and a British-owned shipbuilding company. Despite the fact that it was clear that Italy and Hungary were behind the assassination of King Alexander, the fact that the
League of Nations The League of Nations (french: link=no, Société des Nations ) was the first worldwide intergovernmental organisation whose principal mission was to maintain world peace. It was founded on 10 January 1920 by the Paris Peace Conference that ...
failed to take action against either of those countries, despite Yugoslavia presenting evidence of their involvement, served to convince Stojadinović that the League was useless.


Prime Minister

In 1935 he became the leader of the Serbian Radical Party, which with some other parties formed a coalition ''Jugoslovenska Radikalna Zajednica'' ( Yugoslav Radical Union, JRZ) and won the elections. The JRZ was made of the Serb Radicals, the Slovene People's Party led by Father
Anton Korošec Anton Korošec (, ; 12 May 1872 – 14 December 1940) was a Yugoslav politician, a prominent member of the conservative People's Party, a Roman Catholic priest and a noted orator. Early life Korošec was born in Biserjane (then Duchy of Styr ...
and the Yugoslav Muslim Organization led by
Mehmed Spaho Mehmed Spaho (13 March 1883 – 29 June 1939) was a Bosnian politician and leader of the Yugoslav Muslim Organization. He was the first Bosnian Muslim politician in the Kingdom of Serbs, Croats and Slovenes. Spaho was described as the "undispu ...
, which Stojadinović called a "three-legged chair" that was missing a "fourth leg", namely the support of the Croats. Stojadinović wrote in his memoirs: "I called our party the three-legged chair, on which it was possible to sit when necessary, although a chair with four legs is far more stable". On 24 June 1935 he was elected Prime Minister and Minister of Foreign Affairs. He survived a failed assassination attempt by the Macedonian Damjan Arnautović in 1935. The Regent for the boy king Peter II, the Prince Regent Paul, appointed Stojadinović Prime Minister partly because he was regarded as a financial expert who would deal with the effects of the Great Depression, and partly because Stojadinović was believed to be capable of making a deal with the Croat politicians to resolve the thorny question over whether Yugoslavia was to be a federation or a unitary state. One of Stojadinović's first acts was to loosen censorship on the press and to free 10,000 political prisoners. Through the JRZ Stojadinović had a submissive ''skupshtina'' (parliament), but the JRZ never became the mass movement that Stojadinović had envisioned.


Domestic issues

The British historian Richard Crampton wrote that the basis of Stojadinović's power rested on "political jobbery" and corruption as the JRZ functioned more as a patronage machine of a type very common to the Balkans rather than the fascistic mass movement that Stojadinović had intended. Interwar Yugoslavia was characterized by an etatist economic system with the state playing a very large role in the economy. The Yugoslav state owned all or most of the railroads, docks, mines, steel mills, forests, mills, hospitals, banks, publishing houses, hotels, theatres and opera houses in the country, together with the state having monopolies over the manufacturing, distribution and sales of matches, salt, cigarette paper, tobacco and kerosene. As the public sector jobs paid considerably better than the private sector, and there were more opportunities for corruption, there was much competition for jobs in the public sector, especially in a country as poor as Yugoslavia, meaning whatever government that was in power in Belgrade could build much support by operating a patronage machine which would hand out public sector jobs in exchange for votes. Every government in interwar Yugoslavia used the powers of patronage to reward its supporters with public sector jobs and punish its enemies by denying them the chance to work in the public sector. Stojadinović, like his predecessors, created a patronage machine as the basis of his power with JRZ members being rewarded with employment in the public sector. However, the gradual improvement of the Yugoslav economy in the late 1930s after the nadir it had fallen to in 1932, the worst year of the Great Depression, did win Stojadinović a measure of popularity. Stojadinović believed that the solution to the Great Depression were closer economic links with Germany, which lacked many of the raw materials necessary for a modern industrial economy and whose population exceeded the capacity of German farmers to feed it. As Germany needed both food and raw materials such as iron, bauxite, copper and manganese, Yugoslavia enjoyed an economic bloom from 1935, exporting minerals and agricultural products to Germany on an enormous scale, leading to an economic revival and placing Yugoslavia in the German economic sphere of influence. The Prince Regent had hoped that Stojadinović would make overtures to the Croats, but Stojadinović's unwillingness to discuss federalisation of Yugoslavia presented major difficulties to this end. As part of an attempt to reach out to the Croats, Stojadinović signed a
concordat A concordat is a convention between the Holy See and a sovereign state that defines the relationship between the Catholic Church and the state in matters that concern both,René Metz, ''What is Canon Law?'' (New York: Hawthorn Books, 1960 st Edi ...
with the Vatican in 1935. The purpose of the Concordat was to win Croat support for the JRZ as it agreed informally during the negotiations if the Concordat was passed, then the Roman Catholic Church would ensure its moral influence with Croat voters in favor of the JRZ, but opposition from the Serbian Orthodox Church caused Stojadinović to put off submitting the concordat for ratification. In another concession to the Croats, Stojadinović allowed a statue of the assassinated Croat politician Stjepan Radić to be erected in Zagreb and for Croats who went into exile under King Alexander to return, including the son-in-law of Radić who had once called for independence for Croatia. Though in theory a supporter of economic liberalism, in practice Stojadinović favored an etatist economic policy, arguing that the state should intervene to end the Great Depression.


Diplomacy

Stojadinović recognized the military threats from
Nazi Germany Nazi Germany (lit. "National Socialist State"), ' (lit. "Nazi State") for short; also ' (lit. "National Socialist Germany") (officially known as the German Reich from 1933 until 1943, and the Greater German Reich from 1943 to 1945) was ...
, Fascist Italy and surrounding countries as imminent. Right from the beginning of his prime-ministership, Stojadinović had worked towards bringing Yugoslavia closer to Germany and away from its traditional ally, France. In late 1935, Stojadinović appointed a well known Germanophile as the Yugoslav minister in Berlin to replace the former minister who had a more critical attitude towards the ''Reich''. Even before the remilitarization of the Rhineland, Yugoslavia under the leadership of Stojadinović was moving towards a pro-German foreign policy. In 1935, Yugoslavia observed the sanctions that the League of Nations had imposed on Italy, which inflicted harm on the Yugoslav economy, and Stojadinović signed his first economic treaty with Germany at the same time. In February 1936, Stojadinović welcomed King Boris III of Bulgaria to Belgrade, marking the beginning of Yugoslav-Bulgarian rapprochement as Stojadinović wanted more friendly relations with Sofia to settle the "Macedonian question" which poisoned Yugoslav-Bulgarian relations in the interwar period. Yugoslavia had signed a treaty of alliance with France in 1927, at a time when the Rhineland was still occupied by France, and during Franco-Yugoslav staff talks, it was promised that France would take the offensive into western Germany if Germany should start another war. As long as the Rhineland remained a demilitarized zone, there was always the possibility of the French launching an offensive into western Germany, which reassured Yugoslavia. Weinberg wrote that the demilitarized status of the Rhineland the treaty of Versailles had imposed was "...the single most important guarantee of peace in Europe" for as long as the Rhineland was demilitarized, it was impossible for Germany to attack any of France's allies in Eastern Europe without exposing itself to the risk of a devastating French offensive into western Germany. The remilitarization of the Rhineland on 7 March 1936 meant that Germany started building the West Wall along its border with France, which ended any hope of a French offensive into western Germany. From the Yugoslav viewpoint, the remilitarization of the Rhineland and the construction of the West Wall meant that Germany could now launch offensives into eastern Europe without fear of France, which led Stojadinović to break with the traditional pro-French foreign policy of Yugoslavia and to seek an understanding with the ''Reich''. On 15–20 June 1936, the chiefs of staff of the Little Entente (Romania, Czechoslovakia and Yugoslavia) met in Bucharest to discuss their plans now that the Rhineland was re-militarized. The gloomy conclusion of the Bucharest meeting was that France was not a factor in Eastern Europe, and henceforward there were only two great powers in Eastern Europe, namely the Soviet Union and Germany, and the victory of either in another war would mean the end of their independence. Stojadinović viewed the Kingdom of Yugoslavia's future sustainable only if a neutral status akin to that of Switzerland could be established. His foreign policies pushed consistently towards this goal. Examples are the non-aggression treaty with
Italy Italy ( it, Italia ), officially the Italian Republic, ) or the Republic of Italy, is a country in Southern Europe. It is located in the middle of the Mediterranean Sea, and its territory largely coincides with the homonymous geographical ...
and Yugoslavia's extension of its treaty of friendship with
France France (), officially the French Republic ( ), is a country primarily located in Western Europe. It also comprises of overseas regions and territories in the Americas and the Atlantic, Pacific and Indian Oceans. Its metropolitan area ...
. The policies pursued by Fascist Italy towards Yugoslavia were usually hostile, but starting in 1936, Benito Mussolini made a major effort to try to persuade Yugoslavia to renounce its alliance with France. After the election of the Popular Front government of Léon Blum in France, Italian foreign policy had turned very anti-French, and Mussolini as part of his anti-French strategy wanted to detach Yugoslavia from the ''cordon sanitaire'' as Yugoslavia was the only one of France's eastern European allies that had a common frontier with Italy. Besides for his anti-French goals, Mussolini had plans to annex Albania and to use it as a base to conquer Greece, which was allied to Yugoslavia in the Balkan Entente, making an alliance with Belgrade useful from his viewpoint. Mussolini had expected that the assassination of King Alexander in 1934, which he had financed, would cause a civil war between the different peoples of Yugoslavia, which in turn would allow the Italians to seize the parts of Yugoslavia that they had long coveted. The assassination of Alexander on 9 October 1934 while on a state visit to France did not cause the expected civil war, showing Mussolini that Yugoslavia was more stable than he thought, causing him to temporarily abandon his plans against that country, and instead work for a rapprochement with Belgrade, which Stojadinović welcomed. From 1936 onward, there were increasing signs that Italy and Germany were putting aside their differences caused by the "Austrian Question" to work together with Mussolini proclaiming in a speech in Milan in October 1936 that there was now a " Berlin-Rome axis" in Europe. The existence of the "Berlin-Rome axis" ended whatever hopes the Yugoslavs might have had of playing off Italy against Germany.


Balkan relations

In October 1936, Stojadinović visited Istanbul and while on his way back to Belgrade stayed at Kricim castle, which was the rural residence of King Boris. During his stay at Kricim castle, Boris and Stojadinović agreed to sign a friendship treaty. Under the terms of the
Balkan Pact The Balkan Pact, or Balkan Entente, was a treaty signed by Greece, Romania, Turkey and Yugoslavia on 9 February 1934
, approval by the other members was required if any member wants to sign a treaty with another Balkan state. Stojadinović faced little opposition from Turkey, but both Romania and Greece objected strenuously, believing that Yugoslavia was deserting the alliance, and only reluctantly gave permission in January 1937. Both Romania and Greece only gave their assent when Stojadinović threatened to sign the pact without their permission, which would had broken up the Balkan Pact. In late 1936, Stojadinović sabotaged a diplomatic effort on the part of the Quai d'Orsay to strengthen the Little Entente of Czechoslovakia, Romania and Yugoslavia by having the terms of the Little Entente apply against aggression by any state, instead of only Hungary. Both King Carol II of Romania and President
Edvard Beneš Edvard Beneš (; 28 May 1884 – 3 September 1948) was a Czech politician and statesman who served as the president of Czechoslovakia from 1935 to 1938, and again from 1945 to 1948. He also led the Czechoslovak government-in-exile 1939 to 194 ...
of Czechoslovakia supported the French proposal, and Stojadinović was the lone holdout who refused to discuss amending the treaty which created the Little Entente. When a French envoy arrived in Belgrade in an attempt to persuade Stojadinović to change his mind, he stated that Yugoslavia was now so deeply into Germany's economic sphere of influence that he could simply not risk a war with the ''Reich'', which had become Yugoslavia's largest trading partner and investor by far. Yugoslavia was so deeply into the German economic sphere that it was considered unnecessary in Berlin to sign an alliance with Belgrade, as it was calculated that economic interests alone would ensure that Yugoslavia was a ''de facto'' German ally. By 1938, 60% of Yugoslavia's trade was with Germany, making the ''Reich'' into Yugoslavia's largest trading partner with Germany importing bauxite, copper, and manganese as part of its preparations for war while the majority of consumer goods and capital equipment in Yugoslavia were German imports. On 24 January 1937, Stojadinović signed the friendship pact with Bulgaria. Although the pact was actually a banal document saying that the peoples of Yugoslavia and Bulgaria were henceforward to live together in peace and friendship, at the time of the signing Stojadinović and his Bulgarian counterpart
Georgi Kyoseivanov Georgi Ivanov Kyoseivanov ( bg, Георги Иванов Кьосеиванов) (19 January 1884, Peshtera – 27 July 1960) was a Bulgarian politician who was Prime Minister from 1935 until 1940. Kyoseivanov came to power on 23 November 1935 a ...
verbally agreed that Bulgaria would cease making claims on Yugoslav Macedonia in exchange for which Stojadinović would support Bulgarian claims against Greece. Stojadinović wanted much of Greek Macedonia for Yugoslavia, especially the port city of Thessaloniki, and the purpose of the friendship pact was to lay the basis of a Yugoslav-Bulgarian alliance against Greece. At the time of the signing, Stojadinović and Kyoseivanov agreed that
Alexandroupoli Alexandroupolis ( el, Αλεξανδρούπολη, ), Alexandroupoli, or Alexandrople is a city in Greece and the capital of the Evros regional unit. It is the largest city in Western Thrace and the region of Eastern Macedonia and Thrace. It h ...
would go to Bulgaria while Yugoslavia would take
Thessaloniki Thessaloniki (; el, Θεσσαλονίκη, , also known as Thessalonica (), Saloniki, or Salonica (), is the second-largest city in Greece, with over one million inhabitants in its metropolitan area, and the capital of the geographic region of ...
. As Bulgaria was an ally of Italy because Boris was married to Princess Giovanna, the daughter of King Victor Emmanuel III of Italy, improving relations with Sofia fitted in with Stojadinović's plans to improve relations with Rome. Stojadinović intended to end the problem of Ustasha terrorism in Croatia by a rapprochement with Italy that would cause the Italians to cease supporting the Ustasha, which would help with his plans to settle the "Croat question".


Croatia

In January 1937, Stojadinović met with Vladko Maček of the
Croatian Peasant Party The Croatian Peasant Party ( hr, Hrvatska seljačka stranka, HSS) is an agrarian political party in Croatia founded on 22 December 1904 by Antun and Stjepan Radić as Croatian Peoples' Peasant Party (HPSS). The Brothers Radić believed that t ...
at a meeting chaired by Prince Paul. Stojadinović rejected Maček's demands for a federation, and instead preferred that Maček establish ties with Serbian opposition leaders in order to divide Yugoslav politics into two blocs that would transcend ethnicity, language and religion. One bloc would be a federalist bloc and another bloc would be unitarist, which Stojadinović saw as the solution to Yugoslavia's problems of unity as it would create pan-Yugoslav ties that would ultimately weaken the prevailing ties of language, ethnicity and religion. Stojadinović tried to make himself the "national" leader of the Serbs in a way comparable to how Maček was viewed as the "national" leader of the Croats, Father Korošec as the "national" leader of the Slovenes and Spaho as the "national" leader of the Bosnian Muslims, but the heterogeneous values of the Serb voters caused the failure of his bid to be the Serb "national leader". The fact that the Serbs were the largest single ethnic group in Yugoslavia meant that Serb voters did not feel the need to rally around a single "national" leader in the same way the minorities - who felt that they could not afford disunity and tended to vote for one party - did.


Negotiations with Axis powers

In March 1937, Stojadinović told Raymond Brugère, the French minister in Belgrade, that France was secure behind the Maginot Line, but the construction of the West Wall meant that the French Army would probably stay behind the Maginot Line if Germany should attack any of France's allies in Eastern Europe, which led him to the conclusion that Yugoslavia must not "provoke" Germany in any possible way. Without informing France, Czechoslovakia or Romania, Stojadinović opened negotiations in the winter of 1936-37 for an Italo-Yugoslav treaty intended to resolve all of the outstanding problems between the two countries. On 25 March 1937, the Italian Foreign Minister, Count
Galeazzo Ciano Gian Galeazzo Ciano, 2nd Count of Cortellazzo and Buccari ( , ; 18 March 1903 – 11 January 1944) was an Italian diplomat and politician who served as Foreign Minister in the government of his father-in-law, Benito Mussolini, from 1936 until 1 ...
, arrived in Belgrade to sign the treaty alongside Stojadinović. Under the terms of the Italo-Yugoslav treaty, Italy promised to rein in the Ustasha; respect the borders of Yugoslavia; and accept Yugoslavia's membership in the Little Entente, the League of Nations and the Balkan pact in exchange for which Yugoslavia accepted Albania as being in the Italian sphere of influence. Although Stojadinović did not formally repudiate either alliance with France or the Little Entente, the Italo-Yugoslav treaty brought Yugoslavia much closer to the Axis powers and did much to weaken its existing alliances, and brought a definitive end to the French effort to strengthen the Little Entente. The American historian
Gerhard Weinberg Gerhard Ludwig Weinberg (born 1 January 1928) is a German-born American diplomatic and military historian noted for his studies in the history of Nazi Germany and World War II. Weinberg is the William Rand Kenan, Jr. Professor Emeritus of History ...
summarized the effects of the Italo-Yugoslav treaty: "Having signed with Italy, he tojadinovićcould hardly be expected to sign an agreement with France that was designed to protect Yugoslavia against her new associate. Conversely, he could not promise to assist Czechoslovakia against Germany, Italy's Axis partner. Stojadinović could, therefore, now safely assure the Germans that there would be no Yugoslav assistance pact with France". The attempted Concordat with the
Holy See The Holy See ( lat, Sancta Sedes, ; it, Santa Sede ), also called the See of Rome, Petrine See or Apostolic See, is the jurisdiction of the Pope in his role as the bishop of Rome. It includes the apostolic episcopal see of the Diocese of R ...
caused severe protests from the Serbian Orthodox Church in 1937 and thus never came into effect. When the Concordat came up for ratification by the ''skupshtina'' on the night of 23–24 June 1937, protests broke out in Belgrade by Orthodox priests who called the concordat a sell-out to the Roman Catholic Church. The very night that the parliament was holding the vote to ratify the Concordat, the Patriarch Varnava of the Serbian Orthodox Church died, which for the Orthodox faithful was a sign that God disapproved of the Concordat. The fact that the Patriarch died the same night caused an immense backlash against the Concordat amongst the Serbs, and the Orthodox Church announced that all Orthodox deputies in the ''skupshtina'' who voted for the Concordat were now penalised. Stojadinović withdrew the Concordat in a bid to save his popularity with the Serbs, which damaged his reputation as a fair-minded negotiator with the Croats, with Maček accusing him of dealing in bad faith. The consequence of the failed Concordat was that Stojadinović lost popular support in both Croatia and Serbia. In October 1937, Maček signed an accord called the Bloc of National Agreement which brought together his own Croatian Peasant Party with the anti-Stojadinović faction of the Serb Radicals, the Democrats, the Agrarian Party and the Independent Democrats. By this time, despite the economic upturn, Stojadinović was widely unpopular owing to the rampant corruption within his government. The British novelist Rebecca West who went to Yugoslavia in 1937 to research her book ''Black Lamb and Grey Falcon'' reported that ordinary people had told her that Stojadinović was "a tyrant and enemy of freedom" who was "hated throughout the length and breadth of the land" as persistent rumors had it that Stojadinović and company were looting the public treasury. In December 1937, Stojadinović visited Rome to meet Benito Mussolini and his son-in-law, the Foreign Minister, Count
Galeazzo Ciano Gian Galeazzo Ciano, 2nd Count of Cortellazzo and Buccari ( , ; 18 March 1903 – 11 January 1944) was an Italian diplomat and politician who served as Foreign Minister in the government of his father-in-law, Benito Mussolini, from 1936 until 1 ...
, both of whom he regarded as friends. Ciano wrote in his diary that Stojadinović: "...liked the Mussolini formula: strength and consensus. King Alexander had only strength. S ojadinovićwants to popularize his dictatorship". Ciano reciprocated Stojadinović's admiration of Fascist Italy, writing in his diary he is "our sincere friend... a strong, full-blooded man with a resonant laugh and a strong handshake... a man who inspires confidence... Of all the political men I have encountered so far in my European wanderings, he is the one I find the most interesting". Although Stojadinović brought along his wife, Ciano arranged parties "with the most beautiful women of Rome society", knowing that Stojadinović was a womanizer who took many of the Roman beauties he met to his bed. Under the Little Entente of 1921, Yugoslavia was obligated to go to war if Hungary attacked either Czechoslovakia or Romania. In January 1938, Stojadinović visited Germany to meet
Adolf Hitler Adolf Hitler (; 20 April 188930 April 1945) was an Austrian-born German politician who was dictator of Nazi Germany, Germany from 1933 until Death of Adolf Hitler, his death in 1945. Adolf Hitler's rise to power, He rose to power as the le ...
and assured him that he was a personal admirer of ''der Führer'' who wanted much closer German-Yugoslav ties. Hitler for his part, assured Stojadinović that as long as he continued his pro-German policies that not only would Germany never attack Yugoslavia, but would also not support Hungary's claims against Yugoslavia, which for Stojadinović validated his foreign policy. Stojadinović promised Hitler that Yugoslavia would accept any ''Anschluss'' with Austria as Yugoslavia regarded the question of annexing Austria as an "internal" German matter. Stojadinović stated that Yugoslavia had always enjoyed good relations with Germany except when it viewed the ''Reich'' through "somebody's else spectacles" (a reference to France), leading Hitler to say that Germany no longer viewed Yugoslavia "through Viennese spectacles". Stojadinović's remarks during his visit to Berlin led to an explosive meeting with Raymond Brugère, the French minister upon his return to Belgrade. Brugère was a bumptious character who did not always follow the niceties of diplomacy. Brugère confronted Stojadinović, expressing his "astonishment" about his statements in Berlin, leading to charge that Stojadinović was abandoning Yugoslavia's friends for its enemies. Stojadinović who did not want to end the alliance with France responded by saying maintaining the alliance with France remained a "fundamental" element of his foreign policy, leading Brugère to demand proof of such intentions. Brugère demanded that Yugoslav Army general hold staff talks with French Army general staff again, and have Yugoslavia to start buying French arms again, saying that as far as he concerned that Yugoslavia was a French ally in word, not deed. In 1938, Germany was planning to attack Czechoslovakia and Mussolini, in a bid to assist Hitler, worked to detach Yugoslavia from the Little Entente. In June 1938, Stojadinović met with Count Ciano and promised him that Yugoslavia would do nothing if Germany attacked Czechoslovakia. In return, Stojadinović asked that the Italians use their influence with the Hungarians to keep Hungary from attacking Czechoslovakia, saying the Little Entente was directed against Hungary, and as long as Hungary remained neutral, so would Yugoslavia. After the Munich Agreement, Stojadinović appeared quite comfortable with the idea of Germany as the hegemonic power in Eastern Europe, and German-Yugoslav relations had improved so much that in late 1938, Stojadinović began talks about buying weapons from Germany for Yugoslavia. Stojadinović started to call himself , Serbo-Croatian for "leader", but abandoned the title when he realized that when pronounced repeatedly in Serbo-Croatian, it sounds like the word ("devil"), which the Prime Minister's opponents took advantage of by mocking the JRZ supporters for seemingly hailing the "devil". Furthermore, Stojadinović calling himself "the leader" led the Prince Regent Paul to doubt his loyalty to King Peter II.


Replacement

A day before the elections on 11 December 1938, Stojadinović told a group of journalists at a press conference in Belgrade that the JRZ's platform was: "One King, one nation, one state, prosperity at home, peace on the borders". During the election, Stojadinović presented himself as a strongman with campaign pamphlets proclaiming the slogan "one king, one nation, one state" and featured photographs of Stojadinović giving speeches to his uniformed followers. In late 1938 he was re-elected, albeit with a smaller margin than expected, failed in pacifying the
Croats The Croats (; hr, Hrvati ) are a South Slavic ethnic group who share a common Croatian ancestry, culture, history and language. They are also a recognized minority in a number of neighboring countries, namely Austria, the Czech Republic, ...
, raised a military-like legion of his own followers ('Green Shirts'), and did not formulate any clear political programme, providing the regent
Paul Paul may refer to: *Paul (given name), a given name (includes a list of people with that name) * Paul (surname), a list of people People Christianity *Paul the Apostle (AD c.5–c.64/65), also known as Saul of Tarsus or Saint Paul, early Chri ...
with a welcomed pretext upon which to replace Stojadinović, on 5 February 1939, with
Dragiša Cvetković Dragiša Cvetković ( sr-cyr, Драгиша Цветковић; 15 January 1893 – 18 February 1969) was a Yugoslav politician active in the Kingdom of Yugoslavia. He served as the Prime Minister of the Kingdom of Yugoslavia from 1939 to 1941. ...
. Prince Paul had by early 1939 come to see the ambitious Stojadinović with his dreams of being a fascist leader, as a threat to his own power. Following his replacement, the Prince Regent went further by detaining Stojadinović without proper cause until he had managed, with the help of his strong personal ties to King George VI of the UK (who had been the Prince Regent's best man in 1923) to enlist the support of the
United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the European mainland, continental mainland. It comprises England, Scotlan ...
to have Stojadinović sent into exile to the British Crown colony of
Mauritius Mauritius ( ; french: Maurice, link=no ; mfe, label= Mauritian Creole, Moris ), officially the Republic of Mauritius, is an island nation in the Indian Ocean about off the southeast coast of the African continent, east of Madagascar. It ...
, where he was kept during World War II. On 17 March 1941, Stojadinović was handed over to a British Army force in Greece, from where he was sent on to Mauritius. By this point, Paul favored exile as he feared Stojadinović could be the focus of a pro-Axis coup directed from Berlin. Paul wanted to ensure that there was no alternative leadership in Belgrade for which the Axis powers could do a deal with. The British Prime Minister
Winston Churchill Sir Winston Leonard Spencer Churchill (30 November 187424 January 1965) was a British statesman, soldier, and writer who served as Prime Minister of the United Kingdom twice, from 1940 to 1945 during the Second World War, and again from ...
justified interning Stojadinović in Mauritius as he was a "potential Quisling and an enemy".


Emigration

In 1946 Stojadinović went to
Rio de Janeiro Rio de Janeiro ( , , ; literally 'River of January'), or simply Rio, is the capital of the state of the same name, Brazil's third-most populous state, and the second-most populous city in Brazil, after São Paulo. Listed by the GaWC as a ...
, and then to
Buenos Aires Buenos Aires ( or ; ), officially the Autonomous City of Buenos Aires ( es, link=no, Ciudad Autónoma de Buenos Aires), is the capital and primate city of Argentina. The city is located on the western shore of the Río de la Plata, on South ...
, where he was reunited with his wife and two daughters. Stojadinović spent the rest of his life as presidential advisor on economic and financial affairs to governments in
Argentina Argentina (), officially the Argentine Republic ( es, link=no, República Argentina), is a country in the southern half of South America. Argentina covers an area of , making it the second-largest country in South America after Brazil, th ...
and founded the financial newspaper ''El Economista''. Stojadinović was close to the Argentine president Juan Perón to whom he was an economic adviser. The affluent lifestyle of Stojadinović in Buenos Aires suggested that the rumors of personal corruption on his part during his time as Prime Minister had some foundation in fact. In 1954, Stojadinović met with
Ante Pavelić Ante Pavelić (; 14 July 1889 – 28 December 1959) was a Croatian politician who founded and headed the fascist ultranationalist organization known as the Ustaše in 1929 and served as dictator of the Independent State of Croatia ( hr, l ...
, the former '' Poglavnik'' of the
Independent State of Croatia The Independent State of Croatia ( sh, Nezavisna Država Hrvatska, NDH; german: Unabhängiger Staat Kroatien; it, Stato indipendente di Croazia) was a World War II-era puppet state of Nazi Germany and Fascist Italy. It was established in p ...
(NDH) who also lived in Buenos Aires, and agreed to cooperate with him on the creation of two independent and enlarged Croatian and Serbian states. Since Pavelić's regime during World War II had killed between 300,000 and 500,000 Serbs, Stojadinović's willingness to work with Pavelić largely discredited him both in Yugoslavia and among the Serb diaspora overseas. The Ustasha campaign against the Serbs in World War II is viewed by the Serbs as well as scholars‘ The United States’ Response to Genocide in the Independent State of Croatia, 1941 – 1945’ Genocide Studies and Prevention 3 (2008), pp. 75 – 98. as an act of genocide, and the photographs of Stojadinović shaking hands with Pavelić finished off whatever was left of his good reputation. He died in 1961. Stojadinović's memoirs, titled ''Neither War, Nor Pact'' (''Ni rat, ni pakt''), were posthumously published in Buenos Aires in 1963 and were re-printed in Rijeka in 1970.


See also

*
List of Finance Ministers of the Kingdom of Yugoslavia The Ministry of Finance of Yugoslavia refers to the finance ministry which was responsible for financial system of the Kingdom of Yugoslavia from 1918 to 1945 and the communist SFR Yugoslavia from 1945 to 1992. It may also refer to the finance mini ...


Notes


References

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External links

* {{DEFAULTSORT:Stojadinovic, Milan 1888 births 1961 deaths Politicians from Čačak People's Radical Party politicians Yugoslav National Party politicians Yugoslav Radical Union politicians Argentine people of Serbian descent University of Belgrade Faculty of Law alumni Prime Ministers of Yugoslavia Finance ministers of Yugoslavia Yugoslav emigrants to Argentina Yugoslav nationalists