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Describe the economic decline of the Ottoman Empire.

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brayden22309 brayden22309

Today at 11:01 PM

Answer:

The Ottoman economy was disrupted by inflation, caused by the influx of precious metals into Europe from the Americas and by an increasing imbalance of trade between East and West. ... Inflation also weakened the traditional industries and trades

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aliasger2709 aliasger2709

Today at 11:00 PM

Osman was a Turkoman tribal who founded the Ottoman Empire in the 13th century. It was spread in Western Asia, Southeastern Europe and parts of North Africa.

Ottoman economic decline can be explained as:

The empire was poor and labour scarce land but they were rich in agricultural economy and land. The plague created chaos in the empire and the economy went downhill.

The imbalances in the trade between different nations and the disruption by inflation the economic imbalance occurred in the empire.

The cheap European manufactured products and goods declined the industrial manufacturing of traditional trade and goods of the empire.

Thus, the trade and commerce imbalance created a decline in the economy of the Ottoman empire.

Learn more about the Ottoman empire here:

https://brainly.com/question/382168

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