Anglo-Ottoman Convention of 1913 memorandum sent to the Ottoman Government. By this time, it seemed likely that the terminus for the German funded and engineered Baghdad Railway would be situated in Kuwait. Kuwait had been under Ottoman administration since 1871 and in 1875 was included in the Basra Vilayet, yet Ottoman rule was mainly nominal. Although the sheikhdom now fell under the Empire’s jurisdiction, no Ottoman official was stationed in Kuwait. Influence over Kuwait was crucial to British foreign policy in the Persian Gulf with regard to commerce and strategic interests concerning India. To the British, further extension of the railway line meant further
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,