110. Carol VI Medal, Peace of Passarowitz, Habsburg Empire, 1718, Silver, Rare Piece

The Peace of Passarovitz, signed on July 21, 1718, between the Habsburg Empire and the Ottoman Empire, represented a crossroads in the balance of power in Southeast Europe and had major consequences for the Romanian Countries and the Balkan region. Negotiations took place in the city of Passarovitz (now Požarevac, in Serbia), and peace ended the Austro-Ottoman war started in 1716. Following this treaty, the Habsburg Empire, led by Emperor Charles VI, gained significant territorial gains: the Banat of Timisoara, Oltenia (which was part of the Romanian Country), Northern Serbia, and part of Bosnia were annexed by the Habsburgs. These territories came under Austrian administration, which led to significant changes in the political, military, and economic plan. The importance of the treaty resides, primarily, in weakening the Ottoman influence in Central Europe and the expansion of Habsburg power in the region. For the Romanian Countries, the consequences were mixed: although Oltenia underwent relative modernization under Habsburg administration, the loss of control by the Wallachian rulers was a sign of diminishing autonomy of the Romanian countries in relation to the great empires. Also, the Peace of Passarovitz represented a clear sign of the decline of the Ottoman Empire and the beginning of the consolidation of Austrian influence in the Balkans. This changed the geopolitical balance of the region, preparing the ground for conflicts and rivalries between the great powers that would mark Southeast Europe in the coming centuries.

Dimensions

custom d=32 mm

Description

silver

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