The Ottoman Empire's Currency: Akçe and Economic Power

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The Ottoman Empire's Currency: Akçe and Economic Power

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In this episode, Lucas and Luna explore the economic backbone of the Ottoman Empire through its silver coin, the akçe. They discuss how the akçe was first minted under Orhan Gazi in the 1320s, its role in trade, and its decline due to the Price Revolution of the 16th century flood of New World silver. The conversation covers the debasement of currency under Mehmed II and later sultans, the impact on Janissary salaries, and the shift to European coins like the kuruş. Specific figures include Grand Vizier Sokollu Mehmed Pasha's response to silver shortages, and the Köprülü reforms. The episode ties Ottoman economic policy to the empire's rise and fall, offering a fresh angle on fiscal history beyond battles and sultans. #OttomanEmpire #Akçe #SilverCoin #EconomicHistory #OrhanGazi #MehmedII #SokolluMehmedPasha #Köprülü #PriceRevolution #Janissaries #CurrencyDebasement #Kuruş #Trade #NewWorldSilver #OttomanEconomy #History #FexingoHistory #Numismatics Keep every episode free: buymeacoffee.com/fexingo

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