An Evaluation of the Economic Performance of Turkey in the 1930s Based on Late-Ottoman Economy

The typical view of the Turkish economy in the 1930s generally has been that it not only performed well while coping with the hardship brought about by the Great Depression, but that it also received a big boost from the state's industrialization program. This usually has been characterized as the success of the economic policies implemented by the new republic in the 1930s. These policies have been considered successful because the young republic not only recovered from the wounds it suffered during the turbulent transition period from the Ottoman Empire, but it also began to realize considerably higher growth rates-mainly in industry, but also across the national economic spectrum.