What was the Ottoman Empire's policy towards trade?

History The Ottoman Empire Questions



80 Short 80 Medium 46 Long Answer Questions Question Index

What was the Ottoman Empire's policy towards trade?

The Ottoman Empire had a policy of promoting and controlling trade. They established a system known as the "capitulations" which granted certain privileges and exemptions to foreign merchants. This policy aimed to attract foreign traders and encourage economic growth within the empire. Additionally, the Ottomans controlled key trade routes, such as the Silk Road, and imposed taxes and tariffs on goods passing through their territories.