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National Bank Of Turkey
The National Bank of Turkey was founded in 1909.Marian Kent (1975). Agent of Empire? The National Bank of Turkey and British Foreign Policy. The Historical Journal, 18, pp 367-389 doi:10.1017/ S0018246X00023736 The majority capital came from founding shareholders Sir Ernest Cassel, Lord Revelstoke and Sir Alexander Henderson.John Burman Politics and Profit:The National Bank of Turkey Revisited Oriens (Brill) Vol.37 (2009) pp = 225-236 jstor= 25759078 The initial impetus for the bank's creation came about as a result of the Young Turk Revolution.Jonathan Conlin (2016): Debt, diplomacy and dreadnoughts: the National Bank of Turkey, 1909–1919, Middle Eastern Studies, DOI: 10.1080/00263206.2015.1124418 Background of British Interests Britain and France had signed the Entente Cordiale in 1904; in Constantinople, the French financiers were predominant through the Imperial Ottoman Bank leading to an attempt to improve the British position via the creation of a new Anglo-French finan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ernest Cassel
Sir Ernest Joseph Cassel, (3 March 1852 – 21 September 1921) was a British merchant banker and capitalist. Born and raised in Prussia, he moved to England at the age of 17. Life and career Cassel was born in Cologne, in the Rhine Province of the Kingdom of Prussia (now part of Germany), the son of Amalia (née Rosenheim) and Jacob Cassel. His family were Ashkenazi Jews. His father owned a small bank, but the son Ernest arrived penniless in Liverpool, England in 1869. There he found employment with a firm of grain merchants. With an enormous capacity for hard work and a strong business sense, Cassel was soon in Paris working for a bank. Being of Prussian origin, the Franco-Prussian War forced him to move to a position in a London bank. He prospered and was soon putting together his own financial deals. His areas of interest were in mining, infrastructure and heavy industry. Turkey was an early area of business ventures, but he soon had large interests in Sweden, the Unit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anglo-Persian Oil Company
The Anglo-Persian Oil Company (APOC) was a United Kingdom, British company founded in 1909 following the discovery of a large oil field in Masjed Soleiman, Persia (Name of Iran, Iran). The Government of the United Kingdom#History, British government purchased 51% of the company in 1914, gaining a controlling number of shares, effectively nationalizing the company. It was the first company to extract petroleum from Iran. In 1935 APOC was renamed the "Anglo-Iranian Oil Company" (AIOC) when Reza Shah Pahlavi formally asked foreign countries to refer to Persia by its endonym ''Iran''. In 1954, it was renamed again to the "British Petroleum Company", one of the antecedents of the modern BP public limited company. The government of Mohammad Mosaddegh nationalized the company's local infrastructure assets and gave the new company the name National Iranian Oil Company. The D'Arcy oil concession Exploration and discovery In 1901, William Knox D'Arcy, a millionaire London socialite, ne ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of The Ottoman Empire
The economic history of the Ottoman Empire covers the period 1299–1923. Trade, agriculture, transportation, and religion make up the Ottoman Empire's economy. The Ottomans saw military expansion of currency, more emphasis on manufacturing and industry in the wealth-power-wealth equation, and moving towards capitalist economics comprising expanding industries and markets. They continued along the trajectory of territorial expansion, traditional monopolies, cats, buildings, and agriculture. Transportation 16th, 17th, and 18th centuries Trade has always been an important aspect of an economy. It was no different in the 17th century. As the Ottoman Empire expanded, it started gaining control of important trade routes. The capture of Constantinople (1453) to the Ottoman Turks was a key event. Along with their victory, they now had significant control of the Silk Road, which European countries used to trade with Asia. Many sources state that the Ottoman Empire “blocked” the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1909
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1931 Disestablishments In Turkey
Events January * January 2 – South Dakota native Ernest Lawrence invents the cyclotron, used to accelerate particles to study nuclear physics. * January 4 – German pilot Elly Beinhorn begins her flight to Africa. * January 22 – Sir Isaac Isaacs is sworn in as the first Australian-born Governor-General of Australia. * January 25 – Mohandas Gandhi is again released from imprisonment in India. * January 27 – Pierre Laval forms a government in France. February * February 4 – Soviet leader Joseph Stalin gives a speech calling for rapid industrialization, arguing that only strong industrialized countries will win wars, while "weak" nations are "beaten". Stalin states: "We are fifty or a hundred years behind the advanced countries. We must make good this distance in ten years. Either we do it, or they will crush us." The first five-year plan in the Soviet Union is intensified, for the industrialization and collectivization of agriculture. * February 10 – Official ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1909 Establishments In The Ottoman Empire
Nineteen or 19 may refer to: * 19 (number), the natural number following 18 and preceding 20 * one of the years 19 BC, AD 19, 1919, 2019 Films * ''19'' (film), a 2001 Japanese film * ''Nineteen'' (film), a 1987 science fiction film Music * 19 (band), a Japanese pop music duo Albums * ''19'' (Adele album), 2008 * ''19'', a 2003 album by Alsou * ''19'', a 2006 album by Evan Yo * ''19'', a 2018 album by MHD * ''19'', one half of the double album ''63/19'' by Kool A.D. * ''Number Nineteen'', a 1971 album by American jazz pianist Mal Waldron * ''XIX'' (EP), a 2019 EP by 1the9 Songs * "19" (song), a 1985 song by British musician Paul Hardcastle. * "Nineteen", a song by Bad4Good from the 1992 album '' Refugee'' * "Nineteen", a song by Karma to Burn from the 2001 album ''Almost Heathen''. * "Nineteen" (song), a 2007 song by American singer Billy Ray Cyrus. * "Nineteen", a song by Tegan and Sara from the 2007 album '' The Con''. * "XIX" (song), a 2014 song by Slipknot. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deutsche Orientbank
The Deutsche Orientbank (DOB, ) was a German bank, founded in 1905-1906 in Berlin and merged into Dresdner Bank in 1931-1932. It was originally intended for financing ventures in the Ottoman Empire and the Khedivate of Egypt. In mid-1914 the Orientbank absorbed the Levantine network of Deutsche Palästina-Bank, established in the late 19th century as an earlier endeavor to develop German economic influence in the Ottoman Empire. History At its founding in 1905-1906, driven by banker and his son , the new venture was sponsored by Dresdner Bank, , and A. Schaaffhausen'scher Bank Association, with respective shares of 37.5 percent for Dresdner and 31.25 percent for each of the other two. It was part of a broader German push to gain influence in the Ottoman Empire, also involving Deutsche Bank and the financing of the Berlin–Baghdad railway. The newly established Orientbank soon took over the branches in Hamburg and Constantinople of , a stillborn venture of National Bank ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banque De Salonique
The Banque de Salonique (Bank of Thessaloniki, gr, Τράπεζα Θεσσαλονίκης, tr, Selanik Bankası) was a regional bank headquartered in Thessaloniki and Istanbul. Created in 1886 under the initial leadership of the Salonica Jewish Allatini family with Austrian, Hungarian and French banking partners, it contributed to the development of the Eastern Mediterranean and Southern Balkans during the late Ottoman Empire. In the Interwar period its activity was mainly focused on Northern Greece, where it operated until the German occupation, and Turkey, where it kept operating until 2001, albeit under different names after 1969. Its preserved headquarters buildings are landmarks, respectively, of Valaoritou Street, a significant thoroughfare of downtown Thessaloniki, and of Bankalar Caddesi in the Karaköy neighborhood of Istanbul. Name The defunct bank's name is now generally referred to in French, because of its historical context. In the late 19th century, the use o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ottoman Bank
The Ottoman Bank ( tr, Osmanlı Bankası), known from 1863 to 1925 as the Imperial Ottoman Bank (french: Banque Impériale Ottomane, ota, بانق عثمانی شاهانه) and correspondingly referred to by its French acronym BIO, was a bank that played a major role in the financial history of the Ottoman Empire. By the early 20th century, it was the dominant bank in the Ottoman Empire, and one of the largest in the world. It was founded in 1856 as a British institution chartered in London, and reorganized in 1863 as a French-British venture with head office in Constantinople, on a principle of strict equality between British and French stakeholders. It soon became dominated by French interests, however, primarily because of the greater success of its offerings among French savers than British ones. In its early years, the BIO was principally a lender to the Ottoman government with a monopoly on banknote issuance and other public-interest roles, including all treasury operati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mehmed Cavid
Mehmet Cavit Bey, Mehmed Cavid Bey or Mehmed Djavid Bey ( ota, محمد جاوید بك; 1875 – 26 August 1926) was an Ottoman economist, newspaper editor and leading politician during the dissolution period of the Ottoman Empire. A founding member of the Committee of Union and Progress (CUP), he was part of the Young Turks and had positions in government after the constitution was re-established. In the beginning of the Republican period, he was executed for alleged involvement in an assassination attempt against Mustafa Kemal Atatürk. Early years and career Cavit was born in the Salonica Vilayet of the Ottoman Empire (modern day Thessaloniki). His father was Naim, a merchant, and his mother was Pakize; they were cousins. His family had links to followers of Sabbatai Zevi, and he was a Dönme. He learnt Greek and French, attending the progressive Şemsi Efendi School, the same school as Mustafa Kemal Pasha. He attended Mülkiye academy in Istanbul for civil servants, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anglo-Austrian Bank
The Anglo-Österreichische Bank (), in shorthand Anglobank, was a bank founded in Vienna in 1863 with an extensive branch network in the Habsburg Monarchy and later in its successor states, primarily Austria and Czechoslovakia. Following the collapse of the monarchy, the Anglobank came under the control of the Bank of England, and in 1921, its head office was moved to London where it was restructured as the Anglo-Austrian Bank. In 1926, it was renamed Anglo-International Bank to reflect the sale that year of most of its Austrian activities to Creditanstalt. As a consequence, the Anglo-International Bank became one of the Creditanstalt's main shareholders, and played a role in the internationally consequential collapse of Creditanstalt in 1931. After 1933, Anglo-International Bank stopped making new commitments. It remained formally in business until 1951, and was eventually liquidated in 1962. In Czechoslovakia, the former Anglobank branches were restructured in 1922 into a s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
