Finance and the bourgeoisie: The establishment of private sector banking in Turkey (1946-1958)

This study, a major premise of which is that finance cannot be considered separately from socio-political power relations, examines the rise of private sector banking in relation to the transformation of the bourgeoisie in Turkey after the Second World War. By looking at the financial sector in the 1950s in a historical and social context, this work tries to assign hitherto neglected finance its place. Stipulating that in late-capitalized countries finance capital organizations usually emerge as conglomerates, the study attempts to contextualize the developments in the finance sector and the rise of the bourgeoisie in the post-war period to understand the emergence of finance capital and conglomerates in Turkey.