Hamidian Massacres - Takeover of The Ottoman Bank

Takeover of The Ottoman Bank

Despite the great public sympathy that was felt for the Armenians in Europe, none of the Great Powers (Britain, France, Russia) took concrete action to alleviate their plight. Frustrated with their indifference, Armenians from the Dashnaktsutiun political party seized the European-managed Ottoman Bank on August 26, 1896 in order to bring the massacres to their full attention. Though their demands were rejected and new massacres broke out in Constantinople, the act was lauded by the European and American press, which vilified Hamid and painted him as the "great assassin" and "bloody Sultan." The Great Powers vowed to take action and enforce new reforms, although these never came into fruition due to conflicting political and economic interests.

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