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🔗 Source: rimakjournal.com
📊 Size: 690 KB
👤 Author: Sahar
⬇️ Downloads: 212

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The foreign franchises were initially grants given to foreigners by the strong Sultan as a sign of his generosity, aiming to strengthen economic ties, and could be renewed or canceled when a new ruler ascended the throne. The Ottoman state began granting franchises since its founder Othman's era, with commercial franchises being the first form of peaceful relations, and these franchises were granted unilaterally and voluntarily by the Sultan. The Treaty of Balta Liman in 1838 abolished the protection system for national products, opening Ottoman markets to foreign merchants and leading to an imbalance in trade balance. Foreign traders took advantage of low customs duties, controlling foreign trade and affecting agricultural production, leading to specialization in agriculture and increased production of certain crops for export, such as mulberry trees for silk production in Syria.

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The foreign franchises were initially grants given to foreigners by the strong Sultan as a sign of his generosity, aiming to strengthen economic ties, and...

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  • File Format: PDF
  • File Size: 690 KB
  • Pages: 14
  • Language: EN
  • Author: Sahar
  • Total Downloads: 212
  • Last Updated: 4 days ago

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