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Why are Muslims So Poor? (How Did Islam Go From Running the World to Poverty?)

Based Camp | Simone & Malcolm Collins

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Economic Practices and Trust in Historical Societies

This chapter examines the financial practices among Jewish, Christian, and Muslim cultures, highlighting key distinctions in debt management and the effects on wealth accumulation. It explores the evolution of financial instruments and partnerships, including the Islamic Amabara model, alongside the historical challenges faced by the Muslim Empire in trade and economic structures. Additionally, the narrative delves into the role of trust and oral traditions in business practices, the integration of Christian youths in the Ottoman military, and the broader implications of bureaucratic governance on economic stagnation.

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