Ottoman Empire

College
Essay
Miscellaneous
Pages 4 (1004 words)
Download 0
The social and political history of the Ottoman Empire has been interesting area of research in various studies and it is essential to realize the several elements which influence the economy of the empire. Analyzing the factors that contributed to the decline of the Ottoman Empire, one realizes that the economy of this great Empire was largely dependent on gold and precious metals, the acute shortage of which influenced the weakening of the economy as well…

Introduction

The great disruption of the Ottoman economy was caused by the inflation due to the inflow of gold, silver, and other precious metals from the New World. "The Ottomans experienced the impact of the increased flow of precious metal before the 17th century. The flow of American silver probably began to affect the Ottoman economy by 1580. While the first effects of the New World silver were experienced in Ottoman Anatolia by 1580, the most significant response of Ottoman prices occurred between 1585 and 1606." (Bulut, 65) Therefore, the effect of gold and precious metals on the economy as well as social life of the Ottoman Empire is important to recognize and this paper makes a reflective analysis of the impact of precious metals on the Ottoman Empire.
In a profound exploration of the impact of precious metals on the Ottoman Empire, it becomes lucid that the Empire was self-sufficient with regard to the availability of various precious metals. The political supremacy over the neighboring nations offered an important opportunity to the Ottomans to import metals which were not available in the Empire. ...
Download paper
Not exactly what you need?

Related papers

Contemporary Middle East History
While not completely Western but also combined with Islamic ideals, the Ottoman Empire presented different challenges for the Middle East than the British and French Empires. The Ottomans demonstrated a semi-Islamic influence in the region. This means that while initially embracing some Islamic ideals, the Ottomans later rejected others and according to Islamic perceptions in the Middle East, the…
Ottoman Empire
The great disruption of the Ottoman economy was caused by the inflation due to the inflow of gold, silver, and other precious metals from the New World. "The Ottomans experienced the impact of the increased flow of precious metal before the 17th century. The flow of American silver probably began to affect the Ottoman economy by 1580. While the first effects of the New World silver were…
The Janissaries from the Ottoman Empire
The head of the Ottoman Empire was the Sultan and he was vested with powers that were absolute, though with the understanding that he ruled with the expectation of being just. This concept is the foundation of much Middle Eastern thought, reinforced by Islamic tenets of fairness. Both Turkish and Persian traditions bequeathed the Sultan with the role of the protectorate of the rights enjoyed by…
The Ottoman Architecture and The Effect of the Turkish and Persian Cultures on it
(Meeker, 2002) There was a time when the residences of officials, the military posts, the primary and secondary schools and education centres, and the public health and social services agencies were all located here.…
The history of Ottoman empire
The Empire was founded by Osman I. In 1453, following its capture from the Byzantine Empire, Constantinople, modern stanbul, became the new capital of the Ottoman Empire under the name 'Kostantiniye'. In the 16th and 17th centuries, the Ottoman Empire was among the world's most powerful political entities, with the powers of eastern Europe constantly threatened by its steady advance through the…
THE MONARCHY
Most of the European Kingdoms used to involve in battles with their neighboring kingdoms to showcase their power and expand it beyond their boundaries. …