I'd also like to add Europe's quest to the Americas and how its trade industry switched mainly from the East to the Americas. All that gold that they found started to devalue the Turkish currency.
There are numerous reasons for the decline of the Ottoman Empire. The dominating reason, is that neighbour powers had grown stronger over the centuries. They had built stronger institutions, introduced modern arms, infrastructure and administration.
On the Ottoman side, however, many things had frozen in old structures, development on Ottoman territories was limited.![]()
More than that, Ottoman institutions were often not working as smoothly as they used to.![]()
But there were more things not working as they should have: The sultans since Süleyman had often been less apt to their role; more and more power had moved into the hands of the kapikulli class; the trade routes running through the empire was no longer as important for Europe, and hence yielded less income; the population had grown big and had become less controllable; cities had become weaker. By the time of the 19th century, the European mock name of the empire was correct: The sick man of Europe.
The Ottoman Empire tried to correct all the weaknesses, but it proved to be too late. It was during the times of the reform process, Tanzimat, that the empire lost the most of its territory.![]()
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