Armenians and Greeks were in a dominant position and Turkish businessmen were in a less than enviable position. When the Young Turks came to power in 1908, they began to implement their plan to destroy the country's economy at the expense of Christian property. If by 1915 the Young Turks were aiming to prevent the seizure of the Armenian national properties of Constantinople, then during the First World War they began to conduct an open policy of their dispossession. The deportation, exile and murder of more than 34,000 Constantinople Armenians made their property dispossessed and facilitated their confiscation and appropriation. In 1922, following the massacre of Armenians and Greeks in Smyrna and the city's subsequent fire in September, the Kemalists sought to replicate these events in Constantinople. Despite the efforts of the allied military forces to prevent the deportation and massacre of Christians, the Ankara government remained unwavering in its stance. In its decision to deport the Christians of Constantinople, the government created a situation in the city that was so dire that it compelled the Armenians and Greeks to flee voluntarily. Following their escape, the implementation of the laws and directives passed by the Kemalist authorities enabled the government to fully seize the property left behind by the Armenians of Constantinople.

KeywordsConstantinople Armenians ethnic property arrests dislocation exile economy Turkification