Summary
When Turkey faced the Great Depression during the interwar period, the government raised customs duties to protect local producers. When the effects of the Great Depression began to hit Turkey, it became clear that customs policies alone would not be enough to improve the country's economy. What the government had to do was to prepare an industrial policy that could develop Turkey's productive forces. Experts from the United States and the Soviet Union were invited. The First Five-Year Industrial Plan, which was designed by Turkey's experts, taking into account the reports prepared by foreigners, was implemented with the loans provided by the Soviet Union, state supports and contributions from private capital. As a result of the First Industrial Plan's mobilization of Turkey's agricultural producers and the benefits it brought to the country in the field of intangible capital, the government immediately rolled up its sleeves to prepare the Second Industrial Plan. However, statesmen who correctly predicted that Europe would be in the middle of a war had to shift Turkey's resources to national defense expenditures. The purpose of this book is to evaluate the preparation and implementation of the industrial plans that would ensure the rapid recovery of the Turkish economy, especially in the years after the Second World War, together with the eight million dollar loan received from the Soviet Union.