In the short term they increased Ottoman commercial revenue; in the long term the privileges granted to foreign merchants weakened the Ottoman economy.
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Frequently asked questions
- What was The Capitulations: The Privileges of Foreign Merchants in the Ottoman Empire?
- The capitulation treaties granted to France (1536), to Venice and to England (1580) gave foreign merchants low taxation in Ottoman territory, the right to be tried in their own courts and the right to establish consulates.
- When did The Capitulations: The Privileges of Foreign Merchants in the Ottoman Empire happen?
- 1535 CE
- Where did The Capitulations: The Privileges of Foreign Merchants in the Ottoman Empire take place?
- İstanbul