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To browse Academia. Encounters on Education. Atanasov, Hr. Hristiyan Atanasov. The institution has often been compared to the Western cooperatives created at the same time. The Ottoman version of the funds has many features that make it different from its counterpart institutions in Western Europe. In the Ottoman Empire they were established by the initiative of an administrator and implemented through tools available only to the state — taxes, administratively imposed regulations and control, etc.
In this sense, I believe that it is highly possible that these were the first state credit cooperatives in the world.
Their capital was used by the Ottoman administration to buy agricultural machines, cover infrastructural expenses, etc. The funds were a state tool that the Ottomans used whether to actually implement an idea or only plan for it as a model for carrying out other initiatives as well, such as accumulation of capital for the construction of the harbour in Varna and for the construction of modern schools. The point of origin in the comparison of the Ottoman Empire and the Russian Empire were not as different from each other unlike the similarities.
Both empires has chosen to shape with their own internal dynamics and enclosed social life over the years. In addition, they have taken samples the West as their model for modernization. Similar social patterns, political unrest and modernization moves has been the starting point of the study. The study referred to in the title of " comparison " did not include the concept of the just determination of similarity.