By Sevket Pamuk
This quantity examines the financial heritage of a big empire situated on the crossroads of intercontinental exchange from the fourteenth century until eventually the tip of global conflict I. It covers all areas of the empire from the Balkans via Anatolia, Syria, Egypt and the Gulf to the Maghrib. the consequences of financial advancements for social and political background also are mentioned through the quantity. this can be an enormous and pathbreaking e-book via the most distinctive fiscal historians within the box.
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Extra info for A Monetary History of the Ottoman Empire
To put it differently, social actors molded state policy. Interest and pressure groups and social classes sought to protect and promote their interests through the state. In some cases the in¯uence of a particular social group was so strong that the state simply acted in their interest, became their state. In other cases, the state was in the hands of a bureaucracy which acted independently or was insulated from these social groups. To understand the nature of Ottoman economic policies or practices, it is thus essential to examine the nature of the Ottoman state and its relations with different social groups.
In contrast, exports were tolerated only after the requirements of the domestic economy were met. As soon as the possibility of shortages emerged, however, the government did not hesitate to prohibit the exportation of basic necessities, especially foodstuffs and raw materials. The contrasts between these policies and the practices of mercantilism in Europe are obvious. 39 Frequent occurrences of crop failures, famine and epidemics combined with the primitive nature of the available means of transport led most if not all medieval governments to focus on the urban food supply and more generally on provisioning as the key concerns of economic policy.
49 Second, the Ottomans needed some form of money in order to collect taxes and make payments to the soldiers, bureaucrats, and others. As argued earlier, this motive, too, had a lineage in the Mediterranean basin going back to Antiquity. It would be a narrow interpretation, however, to view the Ottoman approach to monetary affairs solely in terms of these two motives. The Ottomans were also aware that there existed a strong link between the availability of money and the prosperity of trade and the economy.
A Monetary History of the Ottoman Empire by Sevket Pamuk