The Ottoman-Turkish historiography has been largely concerned with the economic nationalism of the Committee of Union and Progress (CUP), which consisted of four doctrines: elimination of foreign dominance on the Ottoman economy, removal of non-Muslims from the economic sphere, creation of a Turkish/Muslim bourgeoisie, and rapid industrialization. Through its focus on the economic activities of the Society for the Ottoman Navy, a CUP-affiliated charitable organization with enormous economic power, the present study investigates how the economic policies of the period can be regarded as a practice of economic nationalism. Based on archival material and in dialogue with secondary sources, this article argues that although the Unionist leadership and intelligentsia employed the language of economic nationalism, the operation of the economy in practice was considerably different from its rhetoric. War conditions, the lack of indigenous capital accumulation, and relations of the Ottoman Empire with foreign powers heavily shaped the implementation of the economic nationalism of the CUP.
