Crowd cheered as leading American diplomat in Ottoman Empire, Anthony Rickard cut red band together with Ottoman Councilor of Industry Savaş Arda. This event marked start of building of modern textile factory, only of the several such projects scattered near several railway lines on the outskirts of Istanbul. New work places, opportunity to study American work organization and approach to business and, of course, increase in tax revenue, made allowed conservative block to celebrate this trade deal with United States of America as a great achievement.
But the effects of American investment reached further as that. Arrival of first American trading ships and sum of 200 gold added new ethnic minority to already diverse Ottoman populace. American culture started to make headway, starting with the song and dances, following with clothing jewelry. For better or worse Istanbul is becoming truly international city, city bustling with industry, commerce and art.