Ottoman-European Economic Relations in the Nineteenth Century: The Impact of the Industrial Revolution and Foreign Debt
Assigned Reading:
Ali Coşkun Tunçer, Sovereign Debt and International Financial Control: The Middle East and the Balkans, 1870-1914 (Palgrave Macmillan, 2015), chapters 1 and 4.
Roger Owen, The Middle East in the World Economy, 1800-1914 (IB Tauris, 2002), chapter 4.
Seminar Questions:
- How did the Industrial Revolution in Britain transform the role of the Ottoman Empire in the global economy?
- How did public indebtedness undermine the sovereignty of the Ottoman and Egyptian governments?
Further Reading:
Murat Birdal, The Political Economy of Ottoman Public Debt: Insolvency and European Financial Control in the Late Nineteenth Century (IB Tauris, 2010).
Christopher Clay, Gold for the Sultan: Western Bankers and Ottoman Finance 1856-1881: A Contribution to Ottoman and to International Financial History (IB Tauris, 2000).
Edhem Eldem, Daniel Goffman and Bruce Masters, The Ottoman City between East and West: Aleppo, Izmir and Istanbul (Cambridge UP, 1999).
V. Necla Geyikdağı, Foreign Investment in the Ottoman Empire: International Trade and Relations, 1854-1914 (IB Tauris, 2011).
David Graeber, Debt: The First 5000 Years (Melville House, 2014). [NB: This is not about the Ottoman Empire, but is a fascinating reflection on the different ways debt has been implicated in power relations historically, and will make you reconsider everything you think you know about debt.]
Reşat Kasaba, The Ottoman Empire and the World Economy: The Nineteenth Century (State University of New York Press, 1988).
David Landes, Bankers and Pashas: International Finance and Economic Imperialism in Egypt (Heinemann, 1958).
Roger Owen, The Middle East in the World Economy, 1800-1914 (IB Tauris, 2002).
Şevket Pamuk, The Ottoman Empire and European Capitalism, 1820-1913 (Cambridge UP, 2010).