1923-1930. Between 1923-1930 liberal policy applied in Turkey. Atatürk belives that Turkish economy can not develop without foreign capital and foreign aid. 1923-1930. During the war Turkey was devastated by the wars in the early 20 th century.
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From 1923 to 1929, Turkey was not obliged to change customs duties as was in Ottoman Period. During this period , Turkey exported raw materials cotton, some agricultural products but imported manufactured textile
İzmir Congress on Turkish Economy and Lozan Treaty had a great impact on the economic policies during 1923-1930.
in order to be organized and extended for agricultural credits, they demanded Agricultural Bank.(In 1932 Agricultural bank was established to buy some agricultural products.( Wheat,barley Grain SILOS idea was to create a shock to eliminate price changes.)