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:
“Cole’s Hill was the scene of the secret night burials of those who died during the first year of the settlement. Corn was planted over their graves so that the Indians should not know how many of their number had perished.”
—For the State of Massachusetts, U.S. public relief program (1935-1943)