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:
“Across Parker Avenue from the fort is the Site of the Old Gallows, where 83 men “stood on nothin’, a-lookin’ up a rope.” The platform had a trap wide enought to “accommodate” 12 men, but half that number was the highest ever reached. On two occasions six miscreants were executed. There were several groups of five, some quartets and trios.”
—Administration in the State of Arka, U.S. public relief program. Arkansas: A Guide to the State (The WPA Guide to Arkansas)