How World War I Ended the Ottoman Empire Forever — Fexingo History
Long before the guns of August 1914 fell silent, the Ottoman Empire was already drowning in debt. In this episode, Lucas and Luna explore how the Ottoman Public Debt Administration — a European-controlled agency that collected Ottoman taxes — became the financial leash that strangled the empire during World War I. From the 1854 Crimean War loans that started the spiral, to the 1881 Decree of Muharrem that handed over key revenues like salt, tobacco, and silk to foreign bondholders, to the final wartime inflation that turned the Ottoman lira into worthless paper. Along the way, they meet figures like Galib Pasha, the finance minister who tried to resist, and examine how the Düyûn-ı Umûmiyye (the Ottoman Debt Administration) forced the empire to keep paying its creditors even as soldiers starved at the front. A story of financial imperialism, wartime desperation, and how a centuries-old empire was ultimately bankrupted before it was defeated. #OttomanDebt #DuyunuUmumiye #WWI #FinancialHistory #CrimeanWar #GalibPasha #OttomanLira #EconomicImperialism #SublimePorte #TreatyOfParis1856 #DecreeOfMuharrem #SaltTobaccoSilk #TevfikPasha #MiddleEast #History #FexingoHistory #Podcast #EmpireCollapse Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]
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