Since the second half of the 19th century, it underwent important economic and socio-cultural changes. The city's large companies (the Unio wagon factory, the Princz Factory, the Ardeleana textile enterprise, the Freund petroleum refinery, the brick factory and the furniture factory) prospered in this period, and the city invested heavily in communication lines, schools, hospitals, public works and public parks. The banking and commerce system also developed: in 1929 the Chamber of Commerce and Industry, as well as the commodities stock market were established, with 25 commercial enterprises and 75 industrial and production firms as members. In 1930 there were 33 banks.
After the collapse of Austria-Hungary, Romanian troops captured the town during their offensive launched on April 15, 1919. The Treaty of Trianon recognised the Union of Transylvania with Romania and Satu Mare officially ceased to be part of Hungary becoming part of the Romania. In 1940, the Second Vienna Award gave back Northern Transylvania, including Satu Mare, to Hungary. In October 1944, the city was captured by the Soviet Red Army. After 1945, the city became again part of Romania. Soon afterwards, a Communist regime came to power, lasting until the 1989 revolution
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