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