INTEGRATION OF OTTOMAN EMPIRE INTO GLOBAL ECONOMY BETWEEN 1830-1840

Abstract

This study aims to reveal the internal and external factors that gave rise to the integration of Ottoman Empire to the global economy between 1830-1840. With this regard, the meaning of the integration into the global economy, the ways for its realization were explained in the initial part of this study. The factors, forces and developments which pushed the Ottoman Empire to integrate the global economy were followingly analyzed. In this context, the main finding of the study is as follows: There are basically 6 factors that integrated the Ottoman Empire into the global economy in the period of 1830-1840, and these are as follows: the beginning of sending students to Europe (1830), the revolt of the Egyptian Governor Mehmed Ali Pasha (1832), Balta Limanı Treaty (1838) (it has a central position in the construction of this process and in this study), the direct investments of various European states, especially Britain and France to the Ottoman Empire, and the Ottoman foreign debts. Furthermore, developments in the world that shaped this integration process were also analyzed. In this respect, the scope of the study will be on the examination of the aforementioned factors and their impact on the integration of the Empire into the global economy. Keywords: Integration into World Economy, Education, Investment, Loans, Foreign Debts