Sultans and bankers: european financial domination in the Ottoman Empire
DOI:
https://doi.org/10.22264/clio.issn2525-5649.2018.36.1.08Keywords:
Ottoman Empire, Loans, Foreign domination, Finance capitalAbstract
We intend to discuss the european domination of the Ottoman Empire during the second half of the 19th Century, recovering the history of loans concessions to Constantinople by french and british private and governamental institutions. These loans contributed to the development of a very unfavourable forces correlation to the Ottoman Empire, which was eventually obligated to transfer the direct control os its revenues sources to foreign agents. Our aim is to emphasize how this process was composed not only by world wide expansion of the capitalist mode of production, but also by Ottoman Empire’s internal questions, taking into consideration that the Ottoman government recurred to foreign loans as a resource to undertake its own project.
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