ISSN 2736-1721
Global Journal of Business Management ISSN 6731-4538 Vol. 3 (5), pp. 001-009, May, 2009. © International Scholars Journals
Full Length Research Paper
Impact of wrong financial decisions on collapse of an empire: The Ottoman case
Arikan Tarik Saygili
Izmir University of Economics, Sakarya Cad. No.156 Balcova / Izmir Turkey. E-mail: [email protected] or [email protected]. Tel.: + 90 532 366 90 85 and +90 232 279 25 25. ext - 221. Fax: + 90 (232) 279 26 26.
Accepted 04 March, 2009
Abstract
Certain attitudes and moves, otherwise and other times considered to be insignificant, turned out to be significantly determinant in various events throughout the world history. There are eras where financial activities and money play deterministic roles for social, political and military events and actions. In this study, it is aimed to analyze approximately the last 80 years of Ottoman empire lasted for over 600 years as one of the most well known and influential governments in the world history. Through, the context of financial activities since these activities had crucial impacts in social, economical, political and even military lives during the last 80 - 100 years of the empire.
Key words: Ottoman banknotes, industrial revolution, Istanbul bank, Ottoman bank, financial policies, ramandan enactment, muharrem enactment.