Research Article

Gentlemanly Capitalism and the Baghdad Railway, 1888 –1914: ‘Cosmopolitanism’ vs. ‘Patriotism’

Volume: 4 Number: 2 December 15, 2021
TR EN

Gentlemanly Capitalism and the Baghdad Railway, 1888 –1914: ‘Cosmopolitanism’ vs. ‘Patriotism’

Abstract

According to the interpretation of Cain and Hopkins, British imperialism was driven by a social stratum they dub ‘gentlemanly capitalists’. This refers to the financial and service sector based in south-eastern England. This article aims to contribute to the ongoing discussion on Cain’s and Hopkins’s approach by exploring how far it can shed light upon the stance of British business and political elites towards the German-dominated Baghdad railway project in the Ottoman Empire. Represented by Deutsche Bank, German interests started to construct railway lines in Anatolia from 1888 onwards. In 1903, they secured a concession to build a railway connecting Ankara with the Persian Gulf (the Baghdad railway). For the British, this raised the question of whether it was better to oppose or participate in that project. The latter option was pursued by a group of London-based financial interests. However, a competing group consisting of British railway and shipping interests vociferously opposed the plan of a German-French-British joint venture as inimical to British interests, thereby forcing the British government to reverse its previous support for the project. This was followed by years of abortive British-German-Ottoman negotiations. In 1913-14, a compromise was found: The British traded their acceptance of a German-controlled Baghdad railway against a number of concessions involving the Persian Gulf, railways, shipping and, crucially, oil. On the British side, the main winners of this agreement were the very same railway and shipping interests that had wrecked the previous plan. All the financial, railway and shipping interests involved in this affair can indeed be characterized as ‘gentlemanly capitalists’ in the vein of Cain and Hopkins. However, the findings of this article also show that the ‘gentlemanly capitalists’ were not as coherent a group as Cain and Hopkins would have it: There was a deep split between the ‘cosmopolitanism’ of some financial circles and the more narrow ‘patriotism’ of the railway and shipping interests.

Keywords

References

  1. [1] Allfrey, Anthony (2013), Edward VII and his Jewish Court (1991), Reprint, Thistle, London.
  2. [2] Bickel, Benno (2003), “Zeittafel Bagdadbahn”, in Jürgen Franzke (Ed.), Bagdad- und Hedjazbahn: Deutsche Eisenbahngeschichte im Vorderen Orient (160-162), W. Tümmels, Nuremberg.
  3. [3] Bilgin, Mustafa Sıtkı (2004), “The Construction of the Bagdad Railway and its Impact on Anglo-Turkish Relations, 1902-1913”, Osmanlı Tarihi Araştırma ve Uygulama Merkezi Dergisi, 16, (109-129)
  4. [4] Burk, Kathleen (1990), Morgan Grenfell 1838-1988: The Biography of a Merchant Bank. Oxford University Press, Oxford.
  5. [5] Burman, John (2009), “Politics and Profit: The National Bank of Turkey Revisited”, Oriens, 37, (225-236)
  6. [6] Cain, P.J. and Hopkins, A.G. (1993a), British Imperialism: Innovation and Expansion 1688 – 1914, Longman, London.
  7. [7] Cain, P.J. and A.G. Hopkins. A.G. (1993b), British Imperialism: Crisis and Deconstruction 1914 - 1990, Longman, London.
  8. [8] Cassis, Youssef (1994), City Bankers, 1890-1914, Transl. Margaret Rocques, Cambridge University Press, Cambridge.

Details

Primary Language

English

Subjects

-

Journal Section

Research Article

Publication Date

December 15, 2021

Submission Date

October 5, 2021

Acceptance Date

November 22, 2021

Published in Issue

Year 2021 Volume: 4 Number: 2

APA
Lekon, C. (2021). Gentlemanly Capitalism and the Baghdad Railway, 1888 –1914: ‘Cosmopolitanism’ vs. ‘Patriotism’. Journal of Universal History Studies, 4(2), 118-140. https://doi.org/10.38000/juhis.1004940
AMA
1.Lekon C. Gentlemanly Capitalism and the Baghdad Railway, 1888 –1914: ‘Cosmopolitanism’ vs. ‘Patriotism’. JUHIS. 2021;4(2):118-140. doi:10.38000/juhis.1004940
Chicago
Lekon, Christian. 2021. “Gentlemanly Capitalism and the Baghdad Railway, 1888 –1914: ‘Cosmopolitanism’ Vs. ‘Patriotism’”. Journal of Universal History Studies 4 (2): 118-40. https://doi.org/10.38000/juhis.1004940.
EndNote
Lekon C (December 1, 2021) Gentlemanly Capitalism and the Baghdad Railway, 1888 –1914: ‘Cosmopolitanism’ vs. ‘Patriotism’. Journal of Universal History Studies 4 2 118–140.
IEEE
[1]C. Lekon, “Gentlemanly Capitalism and the Baghdad Railway, 1888 –1914: ‘Cosmopolitanism’ vs. ‘Patriotism’”, JUHIS, vol. 4, no. 2, pp. 118–140, Dec. 2021, doi: 10.38000/juhis.1004940.
ISNAD
Lekon, Christian. “Gentlemanly Capitalism and the Baghdad Railway, 1888 –1914: ‘Cosmopolitanism’ Vs. ‘Patriotism’”. Journal of Universal History Studies 4/2 (December 1, 2021): 118-140. https://doi.org/10.38000/juhis.1004940.
JAMA
1.Lekon C. Gentlemanly Capitalism and the Baghdad Railway, 1888 –1914: ‘Cosmopolitanism’ vs. ‘Patriotism’. JUHIS. 2021;4:118–140.
MLA
Lekon, Christian. “Gentlemanly Capitalism and the Baghdad Railway, 1888 –1914: ‘Cosmopolitanism’ Vs. ‘Patriotism’”. Journal of Universal History Studies, vol. 4, no. 2, Dec. 2021, pp. 118-40, doi:10.38000/juhis.1004940.
Vancouver
1.Christian Lekon. Gentlemanly Capitalism and the Baghdad Railway, 1888 –1914: ‘Cosmopolitanism’ vs. ‘Patriotism’. JUHIS. 2021 Dec. 1;4(2):118-40. doi:10.38000/juhis.1004940

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