By Sevket Pamuk
This quantity examines the financial heritage of a giant empire positioned on the crossroads of intercontinental exchange from the fourteenth century till 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 heritage also are mentioned through the quantity. this is often an enormous and pathbreaking e-book by means of some of the most exotic monetary historians within the box.
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Additional info for A Monetary History of the Ottoman Empire
A. Seifeddini, Moneti Ilkhanov XIV veka (Baku: 1968). Cipolla, ``Currency Depreciation in Medieval Europe,'' 413±22. For an insightful account, see Spufford, Money and its Use, chapter 13. 8 A Monetary History of the Ottoman Empire Trade and especially payments along the Mediterranean had been dominated by the merchants and currency systems from the eastern end during most of the Middle Ages. 27 However, a major shift was already underway in Europe beginning in the eleventh century. 29 Once again, trade and money went hand in hand.
There was some ¯exibility in this view. The ideal of what constituted this traditional order and the social balances may have changed over time with changes in the economy and society. The government took care to preserve as much as possible the prevailing order and the social balances including the structure of employment and production. 42 As a result, the government's attitude towards merchants was profoundly ambiguous. On the one hand, merchants, large and small, were considered indispensable for the functioning of the urban economy.
Wars, crop failures, other dif®culties in provisioning the city, and monetary instabilities such as debasements or reforms of coinage were examples of these extraordinary periods. 47 This evidence has led many historians to assume that the same pattern applied to the rest of the Empire. In fact, Istanbul was unique both in terms of size and political importance. With its population approaching half a million, it was the largest city in Europe and West Asia during the sixteenth century. As was the case with monster cities elsewhere, government economic policy often revolved around it.