Ottoman+Empire+Agriculture+and+Economy+Sean







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· Revenue during the fall of the Empire dropped due to new (non- Ottoman) trade routes being used to move good from the east to Europe ([|BBC)] · Inflation caused the government to lack funds, causing a rise in taxes and even the confiscation of goods · The tax system became extremely corrupt in the 18th century ([|Columbia Encyclopedia)] · Minorities suffered as their trades and businesses couldn’t support themselves. · In the 1850’s the Ottomans began loaning money from European banks to pay off debt · By 1875, the Empire owed 272,000,00 Turkish Pounds · The middle class became weaker, destabilizing the economy · Until the fall of the Empire after WWI, the Empire was reliant on foreign funds · The Ottomans traditionally generated funds though: war/battle, agriculture and most of all, trade · Agriculture was successful in the “fertile crescent” ( see map @ link) [|(Britannica)]