Mubarak Al-Sabah of Mubarak's supposed assassination plot spread throughout the Ottoman Empire and abroad, which proved a serious obstacle in establishing his legitimacy as a ruler. Mubarak acted quickly to bribe the Ottoman bureaucracy through lavish gift giving in order to gain support for his appointment as kaymakam [sub governor] of Kuwait like his previous brothers. This is further illustrated through a memorandum by Captain J.F. Whyte, a British agent stationed in Basra: “Sheikh Mubarak has, since his usurpation, been employing his late brother’s wealth to secure his recognition as Sheikh and his appointment as Kaimakam of Koweit by the Sublime Porte.”
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,