Iran declines as Europe ascends
For centuries,
Iran’s economy had depended on commerce associated with the overland
trade routes. Merchant caravans had carried essential goods from
throughout Asia and the Middle East to seaports along the
Mediterranean.
During the
eighteenth century, the caravan trade was significantly diminished by
the rise of large-scale maritime commerce. In the 1700s, shipbuilding
and sea trade made the Dutch city of Amsterdam the most prosperous city
in the world. Other nations of Western Europe, including Great Britain,
also built large fleets to support maritime commerce.
With money from the
caravans drying up, Persia’s rulers were forced to make economic
concessions to the European powers. In 1763 the British East India
Company established a trading settlement in Bushehr, a city on the
Persian Gulf. (Bushehr is now the site of one of Iran’s controversial
nuclear facilities.) This settlement was built with the consent of
Persian authorities. Over the next two centuries, Persia’s economic
problems would require much deeper---and far more
humiliating---concessions to the West.
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Copyright 2005
Beechmont Crest Publishing