When did the Ottoman Empire go bankrupt?

When did the Ottoman Empire go bankrupt?

The dissolution of the Ottoman Empire (1908–1922) began with the Second Constitutional Era with the Young Turk Revolution. It restored the Ottoman constitution of 1876 and brought in multi-party politics with a two stage electoral system (electoral law) under the Ottoman parliament.

Did the Ottoman Empire go bankrupt?

The Empire was bankrupt and the investors in Europe were in panic. Ottoman finances were already bankrupt and the war with Russia had put an additional pressure. Since organizing further foreign loans were impossible, the government resorted once again to printing paper-money.

How much debt was the Ottoman Empire in?

With the Paris Treaty of 1933, Turkey decreased this amount to its favour and agreed to pay 84.6 million liras out of the remaining total of 161.3 million liras of Ottoman debt. The last payment of the Ottoman debt was made by Turkey on 25 May 1954.

Who is the richest religion?

According to a study from 2015, Christians hold the largest amount of wealth (55% of the total world wealth), followed by Muslims (5.8%), Hindus (3.3%), and Jews (1.1%).

In which country Islam is fastest-growing?


Which religion is fastest-growing in Russia?

Hinduism has been spread in Russia primarily due to the work of scholars from the religious organization International Society for Krishna Consciousness (ISKCON) and by itinerant Swamis from India and small communities of Indian immigrants.

Where is Christianity declining the most?

Evidence of decline by region

  • Canada.
  • Chile.
  • Ireland.
  • Netherlands.
  • Italy and Spain.
  • United Kingdom.
  • United States. Christianity, the largest religion in the United States, was 73.7% of the total population in 2016.
  • Eastern Europe. According to some sources Christianity is declining in Russia, and Hungary.