The new regime carried out some important reforms. The currency went off the gold standard, allowing trade to recover. Serious efforts were made to expand primary and secondary education. Elected local and provincial governments were introduced, and in 1937 democratic development was brought forward when direct elections were held for the National Assembly, although political parties were still not allowed. Thammasat University was founded, at Pridi's initiative, as a more accessible alternative to the elitist University Chulalongkorn, and became a hotbed of radicalism. Military expenditure was also greatly expanded to 30% of the national budget.