The economic reforms of Theodore II of Ethiopia involved which of the following?
Answer Details
The economic reforms of Theodore II of Ethiopia involved the improvement of agriculture, reorganization of the fiscal system, and revival of external trade.
Theodore II was a prominent figure in Ethiopian history who ruled from 1855 to 1868. During his reign, he implemented several economic reforms to modernize the Ethiopian economy and improve the living conditions of his people. One of the key areas he focused on was agriculture, which he saw as a crucial source of revenue for the empire. He introduced modern farming techniques and encouraged the cultivation of cash crops like coffee and cotton, which helped to boost agricultural productivity and income.
Theodore II also reorganized the fiscal system to make it more efficient and transparent. He introduced a new tax system that was fairer and more consistent, and established a central treasury to manage government revenue. This helped to reduce corruption and waste in the administration of public finances.
Furthermore, Theodore II revitalized external trade by opening up new trade routes and establishing diplomatic relations with foreign powers. He negotiated new trade agreements with European countries and encouraged foreign investment in Ethiopia. This helped to expand the Ethiopian economy and create new opportunities for trade and commerce.
In summary, Theodore II's economic reforms focused on improving agriculture, reorganizing the fiscal system, and reviving external trade. These reforms helped to modernize the Ethiopian economy and improve the welfare of his people.