Mehmed Ali’s monopolies increased Egypt’s revenue sixfold between 1805 and 1821
Evidence
In addition, the Pasha introduced a wide-ranging policy of monopolies whereby staple goods as well as cash crops were to be sold only to government warehouses and at prices fixed by the Pasha. As a result of these measures annual revenue increased from 8 million francs in 1805 to 50 million francs in 1821,30 allowing the Pasha to undertake projects that were not even conceivable in the long period of Ottoman rule. — Khaled Fahmy, All the Pasha_s Men_ Mehmed Ali, his…, 71
Categorization
Category: Factual Claims
- XREF: Connects to the 1838 Balta Liman treaty discussed later in this same chapter, which targeted these monopolies.
Related
- Fiscally centralized Egypt’s revenue growth from monopolies funded Mehmed Ali’s army (similarity 0.86)
- Muhammad Ali achieved in two decades what three centuries of Ottoman governors could not (similarity 0.82)
- Mehmed Ali’s monopolies funneled agricultural profits into military power. (similarity 0.82)
- British exports to Egypt rose nearly fivefold under Mehmed Ali (similarity 0.79)
- British policymakers identified Mehmed Ali’s monopolies as funding his military machine (similarity 0.79)