Economic history of the Ottoman Empire

The Ottoman Bank was founded in 1856 in Istanbul.
Real GDP per capita in Turkey, 1400 to 1918

The economic history of the Ottoman Empire covers the period 1299–1923. Trade, agriculture, transportation, and religion make up the Ottoman Empire's economy.

The Ottomans saw military expansion of currency, more emphasis on manufacturing and industry in the wealth-power-wealth equation, and moving towards capitalist economics comprising expanding industries and markets. They continued along the trajectory of territorial expansion, traditional monopolies, buildings, and agriculture.[Note 1]

  1. ^ Faroqhi (1999), pp. 189–191


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