Crimean War

クリミア戦争　—　People & places

A war from 1853–56. It triggered the first foreign loan issued by the Ottoman Empire.

A war fought from 1853–56 between Russia and an alliance including Britain, France, and the Ottoman Empire. To finance this war, the Ottoman Empire issued its first foreign loan in 1854.

⚠ War opens three monetary taps——issuing more currency, raising taxes, and borrowing. This war was the gateway to "borrowing from abroad".