HIST 214 Chapter 5: History 214 Topic 5 Reading 2
Document Summary
Calling the period of the ottoman empire from the 17-20 century a decline doesn"t fully de ne the historical timeline. The ottoman empire went through a period of transformations and struggled to nd a new imperial synthesis in a changing international environment. The penetration of european merchants caused a dislocation of the ottoman economy. Raw material from the ottoman empire normally used in internal consumption and industry were beginning to by exchanged for european manufactured goods. Bene ted the merchants but not the state revenue. Lead to a shortage of raw material for domestic consumption. As material cost rose the empire suffered from in ation. Couldn"t procure suf cient revenues to meet the expenses. Ottoman institutions like the armed forced began to be undermined. All this was caused by commercial treaties called the capitulations signed with. The rst capitulation was signed with france is 1536.
