By Sevket Pamuk
This quantity examines the financial heritage of a big empire positioned on the crossroads of intercontinental alternate from the fourteenth century until eventually the top of worldwide conflict I. It covers all areas of the empire from the Balkans via Anatolia, Syria, Egypt and the Gulf to the Maghrib. the consequences of economic advancements for social and political heritage also are mentioned through the quantity. this is often a huge and pathbreaking publication by means of some of the most unusual financial historians within the box.
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Extra info for A Monetary History of the Ottoman Empire
The coinage right remained of®cially reserved for the king or the emperor, but the actual manufacture of coins was carried out by an association of handicraft producers. The revenue from the coinage business thus fell to the individual coinage lord and the latter began to derive considerable revenue from seigniorage or minting fees. With the rising importance of taxation as a source of revenue, there emerged a new need for steady supplies of coinage. 26 24 25 26 ``Points de vue sur l'Histoire Monetaire de l'Egypte Musulmane au Moyen Age,'' Annales Islamologiques, Institut FrancËais d'ArcheÂologie Orientale du Caire, 12 (1974), 3±44 and Gilles P.
Abu-Lughod, Before European Hegemony, 212±47; also R. S. Lopez, H. Miskimin, and A. Udovitch, ``England to Egypt, 1350±1500: Long-Term Trends and Long-Distance Trade,'' in Michael A. ), Studies in the Economic History of the Middle East (London: Oxford University Press, 1970), 115±28. The monetary history of Egypt in the fourteenth and ®fteenth centuries has been the subject of a number of important studies. See P. Balog, ``History of the Dirham in Egypt from the Fatimid Conquest until the Collapse of the Mamluk Empire,'' Revue Numismatique VIe serie, 3 (1961), 109±46; P.
Postan, E. E. Rich and E. ), Cambridge Economic History of Europe, vol. III, 397±429. The Ottomans were not unaware of mercantilist thought and practice. Early eighteenthcentury historian Naima, for example, defended mercantilist ideas and practices and argued that if the Islamic population purchased local products instead of the imports, the akcËe and other coinage would stay in Ottoman lands; see Naima, Tarih-i Naima, Zuhuri DanõsËman, Istanbul: DanõsËman Yayõnevi, 1968, vol. IV, 1826±27 and vol.