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1. Background
For many decades since its independence in 1923, Turkey was a largely agrarian economy, with the majority of its people living in rural areas. Yüksel Görmez and
Serkan Yiğit note in The Economic and Financial Stability in Turkey: A Historical Perspective that “77% of the population, about 13 million people, were living in rural areas and largely dependent on agriculture” (3). Agriculture itself depended on good weather conditions. This paper seeks to assess the reasons for the ...