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THE REASONS BEHIND THE RESORT OF OTTOMAN EMPIRE TO FOREIGN DEBT AND THE FIRST FOREIGN BORROWING

Year 2002, Volume: 2 Issue: 4, 186 - 199, 01.11.2002

Binhan Elif Yılmaz

https://izlik.org/JA45XR59AR

Abstract

There are several reasons which caused Ottoman Empire to resort to foreign debt in the 19th century. Income deficiency of the Empire was caused by the financial crisis which began in the mid-period of the 16th century and continued throughout the 17th and 18th centuries. Besides, unfavourable results of various wars, capitulations, commercial treaties which led the Empire to colonolization, insufficiency of tax revenue and the consumption pattern prevalent at domestic markets constituted the internal and external factors which led the Empire to pile up foreign debt. Undoubtedly, the over accumulation of financial capital in European countries had also been effective in triggering foreign-debt policies of the Empire. As the result of such developments, the Empire borrowed at foreign markets for the first time in 1854, and very shortly after that, the financial system of the Empire went into bankruptcy

Keywords

Ottoman Empire foreign dept capitulations financial bankruptcy

THE REASONS BEHIND THE RESORT OF OTTOMAN EMPIRE TO FOREIGN DEBT AND THE FIRST FOREIGN BORROWING

Year 2002, Volume: 2 Issue: 4, 186 - 199, 01.11.2002

Binhan Elif Yılmaz

https://izlik.org/JA45XR59AR

Abstract

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Primary Language Turkish
Authors

Binhan Elif Yılmaz This is me

Publication Date November 1, 2002
IZ https://izlik.org/JA45XR59AR
Published in Issue Year 2002 Volume: 2 Issue: 4

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APA Yılmaz, B. E. (2002). THE REASONS BEHIND THE RESORT OF OTTOMAN EMPIRE TO FOREIGN DEBT AND THE FIRST FOREIGN BORROWING. Akdeniz İİBF Dergisi, 2(4), 186-199. https://izlik.org/JA45XR59AR
AMA 1.Yılmaz BE. THE REASONS BEHIND THE RESORT OF OTTOMAN EMPIRE TO FOREIGN DEBT AND THE FIRST FOREIGN BORROWING. Akdeniz İİBF Dergisi. 2002;2(4):186-199. https://izlik.org/JA45XR59AR
Chicago Yılmaz, Binhan Elif. 2002. “THE REASONS BEHIND THE RESORT OF OTTOMAN EMPIRE TO FOREIGN DEBT AND THE FIRST FOREIGN BORROWING”. Akdeniz İİBF Dergisi 2 (4): 186-99. https://izlik.org/JA45XR59AR.
EndNote Yılmaz BE (November 1, 2002) THE REASONS BEHIND THE RESORT OF OTTOMAN EMPIRE TO FOREIGN DEBT AND THE FIRST FOREIGN BORROWING. Akdeniz İİBF Dergisi 2 4 186–199.
IEEE [1]B. E. Yılmaz, “THE REASONS BEHIND THE RESORT OF OTTOMAN EMPIRE TO FOREIGN DEBT AND THE FIRST FOREIGN BORROWING”, Akdeniz İİBF Dergisi, vol. 2, no. 4, pp. 186–199, Nov. 2002, [Online]. Available: https://izlik.org/JA45XR59AR
ISNAD Yılmaz, Binhan Elif. “THE REASONS BEHIND THE RESORT OF OTTOMAN EMPIRE TO FOREIGN DEBT AND THE FIRST FOREIGN BORROWING”. Akdeniz İİBF Dergisi 2/4 (November 1, 2002): 186-199. https://izlik.org/JA45XR59AR.
JAMA 1.Yılmaz BE. THE REASONS BEHIND THE RESORT OF OTTOMAN EMPIRE TO FOREIGN DEBT AND THE FIRST FOREIGN BORROWING. Akdeniz İİBF Dergisi. 2002;2:186–199.
MLA Yılmaz, Binhan Elif. “THE REASONS BEHIND THE RESORT OF OTTOMAN EMPIRE TO FOREIGN DEBT AND THE FIRST FOREIGN BORROWING”. Akdeniz İİBF Dergisi, vol. 2, no. 4, Nov. 2002, pp. 186-99, https://izlik.org/JA45XR59AR.
Vancouver 1.Binhan Elif Yılmaz. THE REASONS BEHIND THE RESORT OF OTTOMAN EMPIRE TO FOREIGN DEBT AND THE FIRST FOREIGN BORROWING. Akdeniz İİBF Dergisi [Internet]. 2002 Nov. 1;2(4):186-99. Available from: https://izlik.org/JA45XR59AR