The Ottoman Empire experienced its first territorial loss with the Treaty of Küçük Kaynarca (1774). The new socio-economic changes brought about by the boundary narrows and the military defeat was forced the Ottoman administration to a number of centralist-policy on military, administrative and financial areas. Because of the increased defense spending, the growing fiscal deficit of Empire caused the taxes increase and domestic-foreign dept in a short time. The increasing taxes were reduced the production activities of agriculture, trade and industry areas. Because of the using the inefficient court, the foreign debt that was taken at high interest rates had further increased the cash requirement. Financial instability was also adversely affected the classical Ottoman monetary system that ensured the protection of economic order and the production continuity until that time. Coin regime (akçe) evolved into the kuruş in the year 1757 and the representative money after the Tanzimat. The banknote system was tested with the practice of the esham and the kaime. The currency adulteration could be achieved a short-term and insufficient income. At the end of 19th century, the financial problems starting in the Treaty of Küçük Kaynarca and further deepening of global economic changes of the century become a major avalanche. From this point, this study aims to explicate the changes of the Ottoman fiscal and monetary policies in this process.
Alan : Hukuk
Dergi Türü : Ulusal
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