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The Dolmabahçe Disaster À: In 1854, the Ottoman Empire took out its first foreign loan. By 1881, it was no longer a sovereign state. This is the story of the first "Debt Trap" in history. We explore how the British and French banking systems used compound interest to conquer the Middle East without firing a shot. Discover how Sultan Abdülmecid I bankrupted his nation to build the golden Dolmabahçe Palace, how the "Galata Bankers" ran a state-sponsored Ponzi scheme, and how the "Ottoman Public Debt Administration" (OPDA) seized the empire's revenue. From the "Decree of Ramadan" default to the final debt payment in 1954, this is the blueprint for how to buy a country. We are taught that the Ottoman Empire fell because of WWI. The truth is, it was conquered 40 years earlier—not by soldiers, but by Bankers. In the 19th century, European powers executed one of the most sophisticated "Debt Traps" in history. It began with the Crimean War Loans of 1854, where Britain and France offered "cheap" money to the Sultan to modernize his army and palaces. It was a addiction that would prove fatal. Disclaimer: This video was created with the assistance of AI tools and is provided for informational and educational purposes only. I am not a licensed financial advisor, and nothing in this content should be considered financial advice, investment advice, or a recommendation to buy or sell any security. All investments and trading involve risk. Please conduct your own research or consult a qualified financial professional before making any financial decisions. Past performance is not indicative of future results. #OttomanEmpire #History #EconomicCollapse #DebtTrap #Dolmabahce #FinancialHistory #Geopolitics #MiddleEastHistory #Banking #Economics #OttomanEmpire #History #Economics #SuezCanal #DebtTrap #Geopolitics #BritishEmpire #Rothschild #Money #Egypt