The second party of the period is the Liberal Republican Party (Serbest Cumhuriyet Fırkası- SCF). By 1930, Turkey’s economic problems were aggravated by the impact of the Great Depression of 1929. Under these circumstances, at the request of Mustafa Kemal on August 12, 1930, the SCF was established by his close friend Fethi (Okyar) Bey