Dissolution of the Ottoman Empire food shortages and hundreds of thousands of refugees haunted the empire. After the war there was a violent expel of the Muslim peasants of eastern Thrace. The Anglo-Ottoman Convention of 1913 was a short-lived agreement signed in July 1913 between the Ottoman sultan Mehmed V and the British over several issues. However the status of Kuwait that came to be the only lasting result, as its outcome was formal independence for Kuwait. Albania had been under Ottoman rule in about 1478. When Serbia, Montenegro, and Greece laid claim to Albanian-populated lands during Balkan Wars, the Albanians declared independence. The European
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,