Abstract:

The Ottoman State has begun to implement some incentive measures in order to ensure economic development, progress and development, in addition to its administrative, legal, political and social reforms. But in 1838 as a result of its trade agreements with Britain and later with other European countries, the Ottoman Empire was invaded by the products of the European countries, which resulted in the collapse of the Ottoman industry, which has not yet evolved, and its budget began to open up. This resulted in the external debt that began after 1854. The Ottoman government, which did not convert these loads into investment activities, declared that it would not be able to pay their debts in 1875 and then in 1881 the Duyun-u Umumiye administration was established, which was represented by the recipients. The Ottoman state was forced in the period between 1881-1914 to leave some of its income to this institution to pay foreign debt. During this period there have been significant increases in foreign capital entry that prefer profits and revenue high investments such as transportation, electricity, banking and mining. The British and French influence, which existed in the Ottoman political and economic life until the 1880s, left its place to the German hegemony. As a result of this continuing situation during the Alliance and the Terakki period, a significant increase in German investments occurred in Ottoman. As a result of these events, the Ottoman State in recent years was now a semi-colonial state.