This essay seeks to explain more on various world economies to include, Ottoman, Safavid, Qajar and North Africa. These savings had existed before the modern global economy came into existence.
On the eve of world war 1, Ottoman empire comprising of present day Turkey, Syria and Palestine, Iraq and parts of the Arabian Peninsula, originates from early times of the reign of Suleiman who was the Magnificent. He led the country into becoming one multinational, and lingual country that had Western Asia, North America, Caucasus and South East Europe under their rule. It had a period of economic reforms designed to keep the empire together in response to external and internal challenges. It was a period of integration into the world economy. The Ottoman empire was mostly agrarian with a GDP below that of countries of Western and Central Europe. Between 1820 and1914, the foreign trade of the empire expanded.
Safavid dynasty was established in Iran in 1501 by ShahEsma’il. Comprised of the dynasties of Persia it became Iran after the terrible fall of Sasanian Empire. Safavid economy consisted of a series of regional economies, each centering on a provincial town. Its economy remains an elusive concept, alternately overrated in its output and global importance, and downplayed or ignored as being insignificant, compared with India or the Ottoman Empire. Who created a serious anti-Shias and anti-Ottoman uprising in the early days to avoid a situation whereby the Ottoman people recruited some of their men to strengthen them. But eventually, they were defeated in a war that ruined the empire.
The Qajar dynasty was established after the fall of Safavid. It was an Iranian country that originated from Turkey. The fall of Safavid led to confusion and tribal wars; this led the central government to create Qajar to end the tribal wars and revive trade. In the times of Nasser-e-Din, civilization was introduced to the country whereby, Western science was embraced, education started being thought of, and technology was launched to help in the growth and development of the empire.
North African economy, mainly involves the pastoral nomads. People take pastoralism when there is a market for their animals, that they depend on for nearly all their necessities of life including basic foods. The Northern countries had evolved over time to become self-supportive from the early days when they did not have modern civilization. Although some of the history texts affiliate industrialization to some of the countries from the North such as Egypt.
The advantages that the European economy has spread to other nations is endless; it is better than the Middle East economy in that it led to improved trade in both export and import of goods between the two regions.it also resulted in an exchange of manpower which automatically improved people's economic status. It also led to the introduction of the banking system to secure their earnings. However, the European trade resulted in the introduction of slavery as Muslim leaders would sell off people to France to provide labor without their consent.
Works Cited
Ahmadzadeh, Mohammad Amir. "Contrast to the Traditional and Islamic Ethics with Modern Banking of Russia and Britain in Iran at Qajar Period (1845-1906 AD)." (2015).
Kasaba, Resat. The Ottoman Empire and the world economy: The nineteenth century. SUNY Press, 1988.
Matthee, Rudi. "The Safavid Economy as Part of the World Economy." Iran and the World in the Safavid Age 2 (2012): 31.
Pamuk, Sevket. "4 The Ottoman economy in World War I." The Economics of World War I (2005): 112.
