Dolmabahçe Palace
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Dolmabahçe Palace
Dolmabahçe Palace ( tr, Dolmabahçe Sarayı, ) located in the Beşiktaş district of Istanbul, Turkey, on the European coast of the Bosporus strait, served as the main administrative center of the Ottoman Empire from 1856 to 1887 and from 1909 to 1922 (Yıldız Palace was used in the interim period). History Dolmabahçe Palace was ordered by the Empire's 31st Sultan, Abdülmecid I, and built between the years 1843 and 1856. Previously, the Sultan and his family had lived at the Topkapı Palace, but as the medieval Topkapı was lacking in contemporary style, luxury, and comfort, as compared to the palaces of the European monarchs, Abdülmecid decided to build a new modern palace near the site of the former Beşiktaş Sahil Palace, which was demolished. Hacı Said Ağa was responsible for the construction works, while the project was realized by architects Garabet Balyan, his son Nigoğayos Balyan and Evanis Kalfa (members of the Armenians, Armenian Balyan family of Ottoman cou ...
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Balyan Family
The Balyan family ( hy, Պալեաններ; tr, Balyan ailesi or ''Palyan ailesi'') was a prominent Armenian family in the Ottoman Empire consisting of court architects in the service of Ottoman sultans and other members of the Ottoman dynasty during the 18th and 19th centuries. For five generations, they designed and constructed numerous major buildings in the Ottoman Empire, including palaces, mansions, konaks, kiosks, yalis, mosques, churches, and various public buildings, mostly in Constantinople (present-day Istanbul). Ancestors Bali the Mason Bali or Balen the Mason ( tr, Meremmetçi Bali Kalfa or ''Meremmetçi Balen Kalfa''), a masonry craftsman from the Belen village of Karaman in central Anatolia, was the founder of the dynasty. He moved to Istanbul, where he learned of an Armenian palace architect of Sultan Mehmed IV (1648–1687), whom he met and replaced, being Armenian himself. When Bali died in 1725, his son Magar took his place as architect at the sulta ...
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Ottoman Empire
The Ottoman Empire, * ; is an archaic version. The definite article forms and were synonymous * and el, Оθωμανική Αυτοκρατορία, Othōmanikē Avtokratoria, label=none * info page on book at Martin Luther University) // CITED: p. 36 (PDF p. 38/338) also known as the Turkish Empire, was an empire that controlled much of Southeast Europe, Western Asia, and Northern Africa between the 14th and early 20th centuries. It was founded at the end of the 13th century in northwestern Anatolia in the town of Söğüt (modern-day Bilecik Province) by the Turkoman tribal leader Osman I. After 1354, the Ottomans crossed into Europe and, with the conquest of the Balkans, the Ottoman beylik was transformed into a transcontinental empire. The Ottomans ended the Byzantine Empire with the conquest of Constantinople in 1453 by Mehmed the Conqueror. Under the reign of Suleiman the Magnificent, the Ottoman Empire marked the peak of its power and prosperity, as well a ...
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Turkey
Turkey ( tr, Türkiye ), officially the Republic of Türkiye ( tr, Türkiye Cumhuriyeti, links=no ), is a list of transcontinental countries, transcontinental country located mainly on the Anatolia, Anatolian Peninsula in Western Asia, with a East Thrace, small portion on the Balkans, Balkan Peninsula in Southeast Europe. It shares borders with the Black Sea to the north; Georgia (country), Georgia to the northeast; Armenia, Azerbaijan, and Iran to the east; Iraq to the southeast; Syria and the Mediterranean Sea to the south; the Aegean Sea to the west; and Greece and Bulgaria to the northwest. Cyprus is located off the south coast. Turkish people, Turks form the vast majority of the nation's population and Kurds are the largest minority. Ankara is Turkey's capital, while Istanbul is its list of largest cities and towns in Turkey, largest city and financial centre. One of the world's earliest permanently Settler, settled regions, present-day Turkey was home to important Neol ...
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Garabet Balyan
The Balyan family ( hy, Պալեաններ; tr, Balyan ailesi or ''Palyan ailesi'') was a prominent Armenian family in the Ottoman Empire consisting of court architects in the service of Ottoman sultans and other members of the Ottoman dynasty during the 18th and 19th centuries. For five generations, they designed and constructed numerous major buildings in the Ottoman Empire, including palaces, mansions, konaks, kiosks, yalis, mosques, churches, and various public buildings, mostly in Constantinople (present-day Istanbul). Ancestors Bali the Mason Bali or Balen the Mason ( tr, Meremmetçi Bali Kalfa or ''Meremmetçi Balen Kalfa''), a masonry craftsman from the Belen village of Karaman in central Anatolia, was the founder of the dynasty. He moved to Istanbul, where he learned of an Armenian palace architect of Sultan Mehmed IV (1648–1687), whom he met and replaced, being Armenian himself. When Bali died in 1725, his son Magar took his place as architect at the sulta ...
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Nigoğayos Balyan
The Balyan family ( hy, Պալեաններ; tr, Balyan ailesi or ''Palyan ailesi'') was a prominent Armenian family in the Ottoman Empire consisting of court architects in the service of Ottoman sultans and other members of the Ottoman dynasty during the 18th and 19th centuries. For five generations, they designed and constructed numerous major buildings in the Ottoman Empire, including palaces, mansions, konaks, kiosks, yalis, mosques, churches, and various public buildings, mostly in Constantinople (present-day Istanbul). Ancestors Bali the Mason Bali or Balen the Mason ( tr, Meremmetçi Bali Kalfa or ''Meremmetçi Balen Kalfa''), a masonry craftsman from the Belen village of Karaman in central Anatolia, was the founder of the dynasty. He moved to Istanbul, where he learned of an Armenian palace architect of Sultan Mehmed IV (1648–1687), whom he met and replaced, being Armenian himself. When Bali died in 1725, his son Magar took his place as architect at the sulta ...
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Debasement
A debasement of coinage is the practice of lowering the intrinsic value of coins, especially when used in connection with commodity money, such as gold or silver coins. A coin is said to be debased if the quantity of gold, silver, copper or nickel in the coin is reduced. Example In Roman currency, the value of the denarius was gradually decreased over time as the Ancient Rome, Roman government altered both the size and the silver content of the coin. Originally, the silver used was nearly pure, weighing about 4.5 grams. From time to time, this was reduced. During the Julio-Claudian dynasty, the denarius contained approximately 4 grams of silver, and then was reduced to 3.8 grams under Nero. The denarius continued to shrink in size and purity, until by the second half of the third century, it was only about 2% silver, and was replaced by the Argenteus. Effects Debasement lowers the intrinsic value of the coinage and so more coins can be made with the same quantity of pr ...
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Sovereign Default
A sovereign default is the failure or refusal of the government of a sovereign state to pay back its debt in full when due. Cessation of due payments (or receivables) may either be accompanied by that government's formal declaration that it will not pay (or only partially pay) its debts (repudiation), or it may be unannounced. A credit rating agency will take into account in its gradings capital, interest, extraneous and procedural defaults, and failures to abide by the terms of bonds or other debt instruments. Countries have at times escaped some of the real burden of their debt through inflation. This is not "default" in the usual sense because the debt is honored, albeit with currency of lesser real value. Sometimes governments devalue their currency. This can be done by printing more money to apply toward their own debts, or by ending or altering the convertibility of their currencies into precious metals or foreign currency at fixed rates. Harder to quantify than an int ...
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Ottoman Public Debt
The Ottoman public debt was a term which dated back to 24 August 1855,
when the first entered into loan contracts with its European creditors shortly after the beginning of the . The Empire entered into subsequent loans, partly to finance railway construction and partly to finance deficits between revenues and the lavish expenditure of the Imperial court. Some financial commentators have noted that the terms of these loans were exceptionally favourable to the French and British banks which facilitated the ...
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Great Eastern Crisis
The Great Eastern Crisis of 1875–78 began in the Ottoman Empire's territories on the Balkan peninsula in 1875, with the outbreak of several uprisings and wars that resulted in the intervention of international powers, and was ended with the Treaty of Berlin in July 1878. It is also called sh, Velika istočna kriza; Turkish: ''Şark Buhranı'' ("Eastern Crisis", for the crisis in general), ''Ramazan Kararnamesi'' ("Decree of Ramadan", for the sovereign default declared on 30 October 1875) and ''93 Harbi'' ("War of 93", for the wars on the Balkan peninsula between 1877 and 1878, referring in particular to the Russo-Turkish War, the year 1293 on the Islamic Rumi calendar corresponding to the year 1877 on the Gregorian calendar). Background The state of Ottoman administration in the Balkans continued to deteriorate throughout the 19th century, with the Sublime Porte occasionally losing control over whole provinces. Reforms imposed by European powers did little to improve th ...
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Sick Man Of Europe
"Sick man of Europe" is a label given to a nation which is located in some part of Europe and experiencing a time of economic difficulty or impoverishment. Emperor Nicholas I of the Russian Empire is considered to be the first to use the term "Sick Man" to describe the Ottoman Empire in the mid-19th century. The characterization existed during the " Eastern Question" in diplomatic history, which also referred to the decline of the Ottoman Empire in terms of the balance of power in Europe. After the dissolution of the Ottoman Empire in the early 20th century, the term has been applied to other nations. In modern usage, the term has faced criticism due to its origins and arguable over-usage. Origin Early usage Russian Tsar Nicholas I (), seeking to expand into parts of the Ottoman Empire during the Eastern Question, had described Turkey as "sick" or "sick man" during his meeting with Austrian Prince Metternich () in Münchengrätz, two months after the Treaty of Hünkâr ...
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Ottoman Public Debt Administration
The Ottoman Public Debt Administration (OPDA) ( ota, دیون عمومیهٔ عثمانیه واردات مخصصه اداره‌سی, script=Arab, Düyun-u Umumiye-i Osmaniye Varidat-ı Muhassasa İdaresi, or simply as it was popularly known), was a European-controlled organization that was established in 1881 to collect the payments which the Ottoman Empire owed to European companies in the Ottoman public debt. The OPDA became a vast, essentially independent bureaucracy within the Ottoman bureaucracy, run by the creditors and its governing council was packed with European government officials https://www.economist.com/news/international/21595928-countries-have-started-outsource-public-services-each-other-unbundling-nation Government-to-government trade: Unbundling the nation state- including one representative each from British, French, German, Austrian, Italian, Dutch, and Ottoman creditors, and one representative from the Ottoman state. It employed 5,000 officials who collect ...
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Tonne
The tonne ( or ; symbol: t) is a unit of mass equal to 1000  kilograms. It is a non-SI unit accepted for use with SI. It is also referred to as a metric ton to distinguish it from the non-metric units of the short ton ( United States customary units), and the long ton ( British imperial units). It is equivalent to approximately 2204.6 pounds, 1.102 short tons, and 0.984 long tons. The official SI unit is the megagram (symbol: Mg), a less common way to express the same mass. Symbol and abbreviations The BIPM symbol for the tonne is t, adopted at the same time as the unit in 1879.Table 6
. BIPM. Retrieved on 2011-07-10.
Its use is also official for the metric ton in the United States, having been adopted by the United States