The Economic Historical Significance of the Ionian Occupation State

The Greek troops announced the establishment of the Ionian State in Western Anatolia in July 1922, with its capital in Izmir. This state lasted five weeks until the Turkish army came to Izmir on September 9, 1922. The economic uncertainties during the Greek Occupation and the Turkish War of Independence led to the bankruptcy of the Greek economy. The article also examined the economic reasons behind the conflicts of interest and conflicts between the Allied Powers and the Greek powers. It also looked at the economic structures of the Ionian State, which were not internationally recognized. The measures taken by the Ionian State did not have the possibility of monetary expansion, together with extraordinary budgets and obligatory borrowings. The article also looked into the Turkish/Greek Population Exchange, which occurred later and caused the problems today. Jel Classification: B1, B10, N1, N15 [Publisher's Text].