Kulliye

Abstract

Turkey made a choice in 1946 by devaluing its national currency. This preference is defined as devaluation in the economics literature. This economic preference in 1946 II. It is the beginning of a process that accepts “Western” economic policies in the blocs formed in the world after World War II. In the same period, a multi-party system was introduced. However, power and administration did not change.
Turkey, which tried to industrialize together with the Republic, had a self-sufficient production in agriculture and a national and closed economy, was a country that had a budget surplus and protected itself from the human destruction of the war when making this decision.
Turkey's neutrality in the war prevented the country from collapsing economically. With the start of the war, Turkey gave incentives to farmers to increase agricultural production. It also continued its industrialization drive and focused on the production of materials necessary for the war.
With the end of the war, the Turkish economy revived and entered a rapid growth period. In this period, industrialization accelerated in the country, agricultural production increased and foreign trade volume expanded. The source of this prosperity was the devastated war-torn states. However, in order for Turkey to integrate into this system, it had to make its products cheaper.
In 1946, Turkey was devaluing the Turkish lira by 113% against the US dollar. Thus, II. With this economic choice, Turkey's integration with the western world and international institutions had begun in the bipolar world, which was the result of World War II. This process still continues with its economic and political institutions.