Decline of the Ottoman Empire

Paper Summary:

The legacy of the Ottoman Empire can be found in a modern secular Turkish nation today, which is poised to join the European Union as an equal partner in the international community. The causes for the downfall of the Ottoman Empire seem fairly concrete to some who believe that the economy was in a horrid state and that most people were near starvation, while others think that the internal economy was doing just fine, and it was only the external economic trade that was failing. This paper provides an overview of the events leading up to the collapse of the Ottoman Empire in 1922, followed by an analysis of the events surrounding the internal and external economic conditions of the empire as it was declining through its ultimate collapse. A summary of the research is provided in the conclusion.

From the Paper:

"According to McCarthy, in the late 19th and early 20th centuries, the reasons for the failing Ottoman economy mostly stemmed from internal problems such as a lack of capital, inadequate skilled manpower, and insufficient capital goods; however, the Ottomans could not be held accountable for all of the effects of the international invisible hand at work: "Some of the Ottoman's problems were simply the workings of the world market." For example, increasingly modern methods of transport enabled European countries with advanced production capabilities to send products more quickly and cheaply to underdeveloped regions where people were desperate for goods they were unable to produce themselves. In this environment, the European nations were in a position to demand more favourable terms from the Ottomans, and the Europeans exacted a series of trade capitulations that forced the Ottomans to accept disadvantageous terms of trade."

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