Mubarak Al-Sabah influence by opening up customs and harbormaster posts. Through these posts the Ottomans tried to forcefully compel Mubarak to accept the new Ottoman presence, therefore showing real loyalty to the Ottomans. However, the British publicly reinforced Kuwait as they began solidifying the meaning of the 1899 Agreement. This showdown caused a crisis between the Ottomans and the British over Kuwait's status as a state. After the Perseus Zuhaf encounter, where an Ottoman and British warship had a stand-off with each other, Mubarak, the British, and the Ottomans agreed to sign the Status Quo Agreement in September 1901. This agreement maintained
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,