The Name and Reality of the"Near East Price Revolution":An Analysis of Economic Changes after the Süleyman Prosperity
The"Near East Price Revolution"refers to the economic phenomenon in the Ottoman Empire,which began in the 1660s with the devaluation of the silver ak?e and a sharp rise in domestic prices,and was not alleviated until the first half of the 17th century.The price fluctuations during this period triggered a series of changes in the imperial economy and society.The external factors of"the Near East price revolu-tion"were related to the influx of European silver coins into the Balkans and Anatolia,while the internal factors were not only related to the government policy of depreciating silver coins,but also to the develop-ment of commodity currency economy and changes in urban and rural population structure during this peri-od.The financial fluctuations during this period had varying degrees of impact on the Ottoman society,in-cluding the Timar holders,the Janissary,urban craftsmen,farmers,and officials.It can be affirmed that economic changes during specific periods reflect certain phased characteristics of the rise and fall of the Ottoman Empire.
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