Diplomatic genius. Did Romania lose both World Wars, yet gained territory in the aftermath of each?

Through the Paris Peace Conference of 1919–1920 and the Paris Peace Treaties of 1947, Romania gained decent amounts of land, compared to its state right before the war. It doubled in size after WW1, and 16,500 sq miles after WW2.

What’s debatable (through solid efforts of Romanian diplomacy) is who’s side was Romania on in each war and did it actually lose in each of them. 

In WW1, Romania delayed entering the war for 2 years and negotiated extensively with both sides. After being forced, through an ultimatum, to declare war on Austria-Hungary. Over the next few months, Central Powers forces occupied nearly 2/3 of Romania’s territory, prompting Romanian-German negotiations, which resulted in the Treaty of Bucharest (1918). The treaty respected Romania’s independence required Romania’s assistance to Central Powers in the war and awarded Romania more territory (what an interesting way to lose) through the union with Bessarabia. Despite the treaty being de facto active, and its terms of it being followed, Romanian king Ferdinand delayed the royal ratification.

The day, before WW1 ended, Romania re-declared the war on Central Powers, formally retaining the status of an ally of the Entente. But was it?

During the Paris Peace Conference of 1919–1920 that followed, Romania **gained 60,000 square miles of land and 8,500,000 inhabitants**.

In WW2, despite being an active Axis participant, and being named a defeated side in the 1947 Paris Peace Treaty, Romania had **Northern Transylvania (16,643 sq miles and a population of 2,577,260 before the war) recognized as its integral part**.

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