A CASE OF AGRICULTURAL BANK RELATED TO FISCAL SENSIVITY OF THE REPUBLIC GOVERNMENT

Abstract

Inherited inadequate agricultural economy from the Ottoman State, The Turkish Republic called for National Economy Congress in Izmir in the period of 17th February-4th March 1923 in which Lausanne Peace Conference got in a bind, in order to make rapid rush in the economic life. The congress, determined the principles of economic development of the new state. It is unavoidable to focus on agricultural activities in the non-industrialized environment. For this reason, on the one hand the necessary measures for the establishment of the manufactured industry were taken on the other hand, The Agricultural Bank's administrative structure had to be restructured in accordance with contemporary banking requirements in order to strengthen existed agricultural economy. Besides the restructured of the bank, financial statements related the years of 1919, 1920, 1921, 1922, 1923 could be acquitted in 1926 which had not been cleared in the related years because of Turkish Independent War.