Why the Ottoman Empire Slowly Collapsed — Fexingo History
In 1875, the Ottoman Empire defaulted on its foreign debt, triggering a financial crisis that led to the establishment of the Düyûn-ı Umûmiye, the Ottoman Public Debt Administration. This episode explores how European powers took control of Ottoman revenue streams, the impact of the capitulations, and the role of the Galata bankers. We discuss the Muharrem Kararnamesi, the Reji tobacco monopoly, and how the debt burden crippled the empire's ability to modernize. Featuring key figures like Mahmud Nedim Pasha and Sultan Abdülaziz, we trace how financial dependency accelerated the empire's decline. Unlike previous episodes that focused on wars or coups, this episode zooms in on the economic mechanisms that made the 'Sick Man of Europe' a reality. #OttomanEmpire #DebtDefault #DuyunuUmumiye #MuharremKararnamesi #Reji #GalataBankers #MahmudNedimPasha #SultanAbdulaziz #Capitulations #OttomanEconomy #19thCentury #FinancialHistory #EmpireDecline #Tanzimat #MiddleEastHistory #FexingoHistory #History #Podcast Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]
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