Ottoman Bank Manager Francis de Palézieux Falconnet’s Adventure in Constantinople (1856-1861)
The 19th century was a period in which the financial institutions in the Ottoman Empire, both in the administrative organization and the private sector, were westernized and emerged anew. The empire also became acquainted with banking activities during this period, with the first serious step in thi...
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| Format: | Article |
| Language: | English |
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Istanbul University Press
2024-06-01
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| Series: | Türkiyat Mecmuası |
| Subjects: | |
| Online Access: | https://cdn.istanbul.edu.tr/file/JTA6CLJ8T5/20425EDD545D43B490A64B6B59E4A467 |
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| Summary: | The 19th century was a period in which the financial institutions in the Ottoman Empire, both in the administrative organization and the private sector, were westernized and emerged anew. The empire also became acquainted with banking activities during this period, with the first serious step in this field being taken with the establishment of Dersaadet Bank in 1849 under the leadership of bankers Alléon and Baltazzi. After the declaration of the Ottoman Reform Edict of 1856, a period took place in which foreign entrepreneurs sought opportunities and established various institutions and organizations regarding banking in Ottoman lands. Although detailed studies are found on local bankers in the current literature, the studies on foreign bankers who joinedthe business and financial world in the Ottoman lands cannot be said to be at the desired level. In this regard, the current article covers the life and activities of the foreign banker and Ottoman Bank Manager Francis de Palézieux Falconnet in Constantinople. Revealing the services of Falconnet, who had come to the capital after the Crimean War and contributed to the monetary system and financial administration of the empire for about five years not only as a banker but also as a financial adviser, is an effort that will add a different dimension to financial history of the Empire. Based on this purpose, the current review is devoted to filling the gap regarding Falconnet’s life and activities in the Ottoman world by using a comparative method to evaluate the sources in Turkish and foreign languages. |
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| ISSN: | 2651-3188 |