APFIVE Ottoman Iltizam System and Economic Decline
Which of the following best explains why the Ottoman Empire’s tax farming system (iltizam) contributed to its eventual economic decline in the 17th-18th centuries?
A
Tax farmers maximized short-term profits at the expense of long-term agricultural productivity
B
Ottoman religious authorities prohibited interest collection on tax debts
C
European merchants were exempt from taxation under capitulation agreements
D
The system prevented the development of centralized banking institutions
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