1980 Turkish coup d'état
The Turkish economy between 1970-1980 was deteriorating. This economic depression led to lack of access to oil, basic goods like food, and high levels of unemployment. The depression was due to Bulent Ecevit’s unsuccessful economic policies, 1973-74 Oil Crisis and U.S. embargo on Turkey after the 1974 Cyprus Peace Operation. Combined with political instability, the economic recession was leading to lower living standards in Turkey. The economic policies of Ecevit in the beginning years of 1970s were enabling the county to grow at a constant rate. However, the oil crisis after the Yom-Kippur War caused one of the most drastic downfalls of Turkish economy in 1976. Secondly, after the 1974 Cyprus Peace Operation, Turkey was embargoed by U.S. In addition to the already existing economic issues and the oil crisis, the embargo put more pressure upon the Turkish economy. Despite the debate that the US established the embargo as an outcome of the 1974 Cyprus Peace Operation, Ecevit claims in an interview that the embargo has already been established by the U.S. before the 1974 Cyprus Peace Operation was carried out.  In general, the Turkish economy under Ecevit’s regime was experiencing recession because although he was applying policies to tackle the recession, his policies were not strong enough to establish an improved economy. Therefore, Ecevit’s regime came to be characterized by both economic crisis and internal political unrest, and the interrelating problems they have caused.