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It should be noted that while Banks were established and modern economic practices were introduced the majority for the population were not impacted upon. The rights of individual citizens were technically improved, but in reality, the Sultan still had almost unlimited power over his subjects. Furthermore, the Sultan remained the absolute rule of the Empire. The reforms had changed the Empire, but it had failed to modernize the realm. The Ottomans had not modernized their country, and they remained behind their European neighbors. Instead, they continued to lose territory in the Balkans to their European neighbors.
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