The Sovereİgnty and The Control of the Financial Resources in the Sumnıer of 1920

Abstract

From the middle of the 19th century as a result of continuing collapse of the Ottoman financîal system, Turkey's financial structure was started to control by "Western finance groups". The Ottoman Bank founded with the privilege of the authority to print money in the name of the Ottoman State made its organization extend by establishing branches through the country. It is obvious that from the beginning of the National Struggle in Turkey, the struggle had been experienced serious difficulties in terms of providing financial resources. It is quite interesting process that in order to control the financial system the Turkish National Assembly af ter beginning to operate on April 23:G 1920 undertook "the State functions" by monopolİzing "the political power". The privileges of the Ottoman Bank in the political and economıc structure of the Ottoman State were subject to the control and permission of Ankara is significant İn two aspects: a. It is İmportant to show that with the acceptation of the situation by the headquarter of the Bank, the National Struggle in Turkey was not perceived as a revolt by the western finance groups like Ottoman Government tried to show insistently. b, It is significant to indicate that in a new institutionalizatİon process the İdeal of "nationalism" was not just about "to achieve and to continue" "the political independence of the country". An agreement text, related to thİs situation, signed between ÎVH and the administration of the Ottoman Bank. This agreement provısions dictated to the administration of the Ottoman Bank by the Turkish National Assembly and İVH indicated that how Ankara's nationalistic values had deep and rightful basis. In this paper, in the light of the documents which will be used for the first time, the basis of the nationalistic worries as we said before will be tried to evaluate.