The Ottoman State
The Ottomans saw military expansion and fiscalism as the source of wealth, with agriculture seen as more important than manufacture and commerce. Western mercantilists gave more emphasis to manufacture and industry in the wealth-power-wealth equation, moving towards capitalist economics comprising expanding industries and markets whereas the Ottomans continued along the trajectory of territorial expansion, traditional monopolies, conservative land holding and agriculture.
Read more about this topic: Fall Of The Ottoman Empire
Famous quotes containing the word state:
““Hear me,” he said to the white commander. “I am tired. My heart is sick and sad. Our chiefs are dead; the little children are freezing. My people have no blankets, no food. From where the sun stands, I will fight no more forever.””
—For the State of Montana, U.S. public relief program (1935-1943)