Anglo-Ottoman Convention of 1913 expansion of Ottoman influence, and the current administration—already emboldened by the “Young Turk” regime—desired to reestablish effective control over its empire south of Kuwait. Even worse was the possible encroachment of other European powers. In the proposed memorandum, the British therefore sought to regularize the 1901 Status Quo agreement, with the added refinement of a clear definition of Kuwait’s boundaries to Britain’s advantage. Although at times deadlocked, negotiations communicated via memorandums continued on a quid pro quo basis in which the British had the advantage; if the Ottomans were to accept Kuwait’s autonomous status and proposed boundaries, the British would
Historiography of the fall of the Ottoman Empire in the Balkans hastened the slide into bankruptcy. After negotiations with the European powers, the Public Debt Administration was set up, to which certain revenues were assigned. This arrangement subjected the Ottomans to foreign financial control from which they failed to free themselves, in part because of continued borrowing. In 1914, the Ottoman debt stood at 139.1 million Turkish pounds, and the government was still dependent on European financiers Why had the Ottomans not developed their own financial system in line with London and Paris? It was not for the want of trying. Since the beginning of the 18th century,