The Practice of Statism In Turkey: Sumerbank
The Republic of Turkey was founded in 1923. The republican government aimed to establish national industry. Especially, after 1929 economic crisis, the politics of statism became sovereign. Within this policy, Sumerbank was founded in 1933. Sumerbank was far more privileged than a conventional bank form. Sumerbank supported the factories that each the state would build. It also supported the private sector factories. Sumerbank invested in many areas.
Keywords - Republic of Turkey; Statism; 1929 Crisis; Sumerbank; Six Arrows of CHP