Atatürk and Foreign Capital

Abstract

Between the years of 1920-1930, 201 Joint-Stock Companies had been established. 66 of them, there were foreign capital. However, when it is come to the year of 1930, still the country's industry was extremely weak and limited. There were just 4 % of the engines which were working with the electric in the Industry Business Organizations. Private companies', either with the foreign capital or domestic capital completely, the capital stock was insufficient which would be started to the Industrialization period. Here at this stage, Turkey makes the Industrialization period started with the role of the Government taking of the foreign (external) credit.