The Ottoman Public Debt


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The Political Economy of Ottoman Public Debt


Book Description

In the midst of political decline and burgeoning financial problems in the late nineteenth century, the Ottoman Empire became embroiled in a borrowing frenzy, which eventually resulted in the financial collapse of the empire. Under political pressure and with the growing need for external funds, the Ottoman court compromised its fiscal sovereignty by ceding the most liquid revenue sources to a financial administration controlled by European creditors. In this book, Murat Birdal sheds light on the handling of the external debt crisis, one of the most controversial periods of Ottoman economic history. Based on extensive archival research foreign archives, he explores the pivotal role of the Ottoman Public Debt Administration (OPDA) in the peripheralization of the Ottoman economy. This book will be invaluable to scholars of Ottoman, Middle East and economic history.




Men of Wealth


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The Rise and Fall of Revenue Farming


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Until the early 1900s governments of Southeast Asia farmed out the right to run opium, gambling and other monopolies. Yet by about 1920 all of the major farms had been abolished and the collection of revenue brought under direct bureaucratic control. This book explains the rise and sudden fall of revenue farming, traces the changing fortunes of the Chinese businessmen who held the major farms, and uses the study of revenue farming to examine the emergence of the modern state in Southeast Asia.




Nigeria and the Death of Liberal England


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This book shows how a stormy parliamentary debate over the sale of German properties in Nigeria on 8 November 1916 began the process which brought down Asquith and made Lloyd George prime minister. The colonial secretary, Bonar Law, who was also leader of the Conservative Party, wanted neutral firms to bid. Usually presented as a policy imposed on him by doctrinaire Liberal free-traders, it was in fact that of the colonial government, which hoped that encouraging foreign competition would prevent the Nigerian export economy becoming controlled by a ring of mainly Liverpool firms. Seeing itself as the defender of Nigerian interests, the Colonial Office endorsed this. The large British companies got up an agitation, which was taken over by Sir Edward Carson, the one significant opposition politician, as part of his attack on supposed German influence in high places. Law counter-attacked by arguing that a supposedly patriotic cause masked the greed of an emergent cartel. He succeeded because smaller British and African firms, trying to break into the now profitable produce export trade, had already painted that picture. By defeating Carson in the debate, Law became again an effective party leader, who hoped to re-invigorate the coalition, but instead found himself working with Lloyd George to sideline Asquith. Based on underused sources, and overturning established interpretations, the book situates the debate within the context of the development of the Nigerian economy, the conflicts between the major firms, the role of oils and fats in wartime, and the emergence of Nigerian nationalism.







Armstrongs of Elswick


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Armstrong, the engineers, armament makers and naval shipbuilders was set up in 1847 by William Armstrong at Elswick, Newcastle-Upon-Tyne. This book analyzes Armstrong's 80 years rise, decline and reorganization, treating it, in some ways, as a case study of British industrial malaise.




Ottoman Literature


Book Description

An anthology of notable poetry and poets in the history of Turkey. Some discussion of the general character, the verse-form, the meters, and the development of Ottoman poetry is included in the beginning of the collection.