CUMHUR YET D NEM ’NDE ERE L K MüR HAVZASI (1920-1940) (REPUBLICAN IN PERIOD ERE L COAL BASIN) (1920-1940)

National Government and Republican Administration has paid special attention to economics and done important works in the economic sphere in the country. The establishment of Ministry of Economics, Law for the Encouragement of Industry, making of Workers Law, organizing of zmir Economy Congress, opening of Is Bank and Etibank are the most significant works done by the Republican Administration. As a result of all those works, Coal Production has increased in Ere li Coal Basin and this also has led to economic development in the country. First of all, Private Sector has been encouraged, but because of the difficult war conditions, the state has tried to develop the economic conditions of the country by interfering the economy. In this way, The "principle of Etatisme" of Ataturk has been put into practice. With the belief economic development could only be realized by means of domestic capital and local entrepreneurs, local companies has been supported and Etibank and Ere li Coal Basin has been nationalized and obtained significant gains in the name of the country.