The Ottoman Economy's Downfall

Finding America didn't just make Europe rich, it actually crashed the Ottoman economy.

While Newton and Galileo were upgrading science with logic and telescopes, Spain and Portugal

were looting massive amounts of gold and silver from the New World. This triggered a

Price Revolution that flooded global markets. Suddenly, the Ottoman Empire

faced hyperinflation it couldn't handle. They tried to fix it by debasing their currency,

basically mixing cheap copper into their silver coins, but that just destroyed public trust.

Combined with a military that refused to modernize, the once-unstoppable empire was suddenly

fighting a losing battle against Europe’s new cash and tech.