During the period of the Ottoman Empire, the authorities issued various laws and regulations, to deliberately exclude the Armenians remaining in the country from economic life and to transfer their money to the Turks by various means.
The Armenians of Western Armenia were plundered, but the striking wealth of the Armenians of Constantinople remained. But, the Turks found an opportunity to rob the Armenians again.
On November 11, 1942, the Grand National Assembly of Turan Nations adopted the “land tax” law, which deprived the Armenians of Constantinople of their last cent and left them in poverty. Thus, the Turkish authorities brought to the final stage the process of dispossession of the Armenians of Western Armenia.
There was also a part of the general plundering of Armenians by foreign countries. Part of the abandoned properties consisted of the sums that Armenians paid in gold to foreign insurance companies. These insurance companies failed to fulfill their financial obligations to Armenians and embezzled their money. Armenians were treated the same as the establishments that operated in the Ottoman Empire.
By dispossessing an entire people and taking possession of the goods created by centuries of sweat and toil, the Turkish authorities were then able to resolve many problems threatening the state and the national security of the Turks. First, the Turks, at the expense of the wealth of the Armenians, filled the empty state coffers, covered the enormous war expenses and repaid a significant part of the foreign debts.
The Young Turks, then the republican authorities, eliminated their powerful competitor from the economic scene, created national capital by appropriating its property, its individual movable and immovable property. Today’s Turkish economy relies on property confiscated from Armenians.
The nationalist movement led by Mustafa Kemal, thanks to whose victory the Republic of Turkey was created on October 29, 1923, was once again to the detriment of Armenian property, because it was financed by Turkish landowners, traders and soldiers. , who were enriched by the seizure of Armenian property.
The wealth stolen from the Armenians and kept in the Ministry of Finance has also regularly saved the Republic of Turkey, bringing it out of economic difficulties on several occasions.
As Turkish historian Taner Akcham assures, Turkey actually relies on the genocides against the Armenians of 1894-1915-1923.
The Turkish government must take material responsibility for this, because it was created as a state at the cost of plundering the wealth created by Armenians over the centuries.