Today Budapest is a city whose role in Europe is still being crystallized. However inventive entrepreneurs and creative artists are making the city a more and more vibrant home for its citizens and a favoured destination for a rapidly increasing flow of visitors.

Budapest today is a palimpsest of its history and partially crystallized present. Its earlier history is best seen on the Castle Hill of Buda, the seat of Hungarian royal power since the beginning in the 13th Century. This peaked in the glory years of King Matthias' reign in the second half of the 15th Century, when Buda was one of the largest and wealthiest cities of Europe. The Ottoman conquest that followed a generation later was a catastrophe whose effect would last two centuries. However when the new Castle Hill of Buda arose, it became a version of Baroque central Europe, controlled by Imperial Vienna. Pest, on the opposite banks of the Danube, is a symbol of the grandeur of the late 19th Century metropolis. Elaborate, historicist buildings and monuments first inhabited by the members of the rising bourgeoisie that had achieved prosperity in the booming Budapest around the year 1900. This era still largely defines the visual appearance of the central city. Nearly half a century later Fascism, and then forty years of Communism, again produced economic dislocation and social tumult in the lives of the people. This is best shown through descriptions of the fate of individual families in Budapest. Since 1990 the metropolis and its people have gone through a frenzied transition for which there was no template: authoritarian socialist economy to volatile capitalism and democracy. The story of the key players and groups in this transition make this tumultuous process particularly vivid. Today Budapest is a city whose role in Europe is still being crystallized. However, inventive entrepreneurs and creative artists are making the city a more and more vibrant home for its citizens and a favoured destination for a rapidly increasing flow of visitors.