Fall Of Constantinople

There were several economic effects of the Fall of Constantinople. Proceeding to the fall of Constantinople, the Byzantine economy had remained reduced to a really low status, and the population of the city may have dropped to as less as 50,000 citizens. After the Ottoman occupation of the city in 1453 and the protection that came with it, economic movement flourished in Constantinople and what were now Turkish properties. The negative view of the impact was that the Black Sea trade collapsed as the Ottoman Empire actually started a patent for trade.The Fall of Constantinople seriously hurt sales in the European area. The Ottoman victory changed the highly profitable Italian trade and finally reduced trade centres in the district. Also, the
drop was just the first step that eventually transformed the Black Sea and the Mediterranean into Turkish lakes for trade. With the Ottoman's grasp of the Byzantine Empire, all countries trade were at the compassion of the Ottomans. Ultimately, though it turned positive again as the Italians financed in Spain and Portugal, rather than the former Byzantine area, whose successes in the New World made much profit to the Italians. The Ottoman domain and the parts of the Eastern Mediterranean Sea controlled by them increased through trade over long lengths. Overall the Fall of Constantinople was economically advantageous to the Ottomans but not to the previous business allies of the Byzantine Empire.