The city suffered a short period of Nazi Luftwaffe bombings, as well as a failed attempt by German troops to regain the city.After the establishment of communism in Romania, the city continued growing.On 23 March 1847, a fire consumed about 2,000 buildings, destroying a third of the city.
Economically, Bucharest is the most prosperous city in Romania and is one of the main industrial centres and transportation hubs of Eastern Europe.
The city has big convention facilities, educational institutes, cultural venues, traditional "shopping arcades", and recreational areas.
Also, some of the city's main landmarks were built in this period, including Arcul de Triumf and Palatul Telefoanelor.
In January 1941, the city was the scene of the Legionnaires' rebellion and Bucharest pogrom.
In the period between the two World Wars, the city's elegant architecture and the sophistication of its elite earned Bucharest the nickname of "Little Paris" (Micul Paris).
Although buildings and districts in the historic city centre were heavily damaged or destroyed by war, earthquakes, and above all Nicolae Ceaușescu's program of systematization, many survived.After World War I, Bucharest became the capital of Greater Romania.In the interwar years, Bucharest's urban development continued, with the city gaining an average of 30,000 new residents each year.A short-lived revolt initiated by Tudor Vladimirescu in 1821 led to the end of the rule of Constantinople Greeks in Bucharest.The Old Princely Court (Curtea Veche) was erected by Mircea Ciobanul in the mid-16th century.During this period, gas lighting, horse-drawn trams, and limited electrification were introduced. The extravagant architecture and cosmopolitan high culture of this period won Bucharest the nickname of "Little Paris" (Micul Paris) of the east, with Calea Victoriei as its Champs-Élysées.