Carol I

Carol I

Carol I, 1839–1914, prince (1866–81) and first king (1881–1914) of Romania, of the house of Hohenzollern-Sigmaringen. He is also called Charles I. A Prussian officer, he was elected to succeed the deposed Alexander John Cuza as prince of Romania. He reformed the Romanian constitution and laid the groundwork for the country's monetary system, military organization, and railroad network. Exploitation of Romanian oil fields began in his reign. Economic development, however, did not improve the lot of the peasants, and an uprising in 1907 was cruelly suppressed. Carol sided with Russia in the Russo-Turkish War of 1877–78 and obtained at the Congress of Berlin (see Berlin, Congress of) full independence for Romania, which he declared a kingdom in 1881. Carol's wife was Princess Elizabeth of Wied. He was succeeded by his nephew Ferdinand.
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Carol is the President of the Citizens Budget Commission (CBC), and has over 25 years of experience in leadership positions in nonprofit, philanthropic and government settings.
Carol is one of the 774,000 North-East people who have invested a total of pounds 565m in Premium Bonds.