Economics at your fingertips  

The Ottoman Empire in the “Great Depression†of 1873–1896

Sevket Pamuk ()

The Journal of Economic History, 1984, vol. 44, issue 1, 107-118

Abstract: Contrary to the view that the periphery of the world economy benefited from rapidly expanding trade, the Ottoman economy actually faced a distinctly unfavorable world conjuncture during the last quarter of the nineteenth century. Rates of growth of foreign trade dropped, external terms of trade deteriorated, declining wheat prices affected peasant producers, and the establishment of European control over Ottoman finances led to large debt payments abroad.Indirect data indicate that rates of change of agricultural and aggregate production were also lower during the “Great Depression†as compared to the later period.

Date: 1984
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link) ... type/journal_article link to article abstract page (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

More articles in The Journal of Economic History from Cambridge University Press Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK.
Bibliographic data for series maintained by Keith Waters ().

Page updated 2022-10-06
Handle: RePEc:cup:jechis:v:44:y:1984:i:01:p:107-118_03