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On May 27th, 1960, there was a military coup. The prime minister of the time, Adnan Menderes [18], foreign minister Fatih Zorlu and others were hung after a long period of interrogation and judgements. As the political situation was so precarious, the economy also started suffering. Our customers started missing their payments. We were paying the vouchers that we had signed. We received a voucher every hour. We had a credit of 30 thousand liras in Ziraat Bankası. Even though I had been married for 15 years, I had never asked for money from my father-in-law, but unfortunately I was in such a bind that I had to ask him: “My dear father, do you have money? Can you lend me some?”. “ I have 20 thousand liras, it is yours” he replied.
Even though we took 15 thousand liras from my older brother Albert, we could not get a handle on our debts, the vouchers kept coming. We sold our merchandise at half price, finally we paid all our debts 100%. We did not want to settle with the creditors and unfortunately went bankrupt. We closed the store on December 31st, 1965.
Even though we took 15 thousand liras from my older brother Albert, we could not get a handle on our debts, the vouchers kept coming. We sold our merchandise at half price, finally we paid all our debts 100%. We did not want to settle with the creditors and unfortunately went bankrupt. We closed the store on December 31st, 1965.
Period
Year
1960
Location
Beyoğlu/İstanbul
Türkiye
Interview
Nesim Alkabes