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British Imperialism and the Making of Colonial Currency System

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Based on archival research covering more than two centuries and most former British colonies (West Indies, India, Singapore, Malaya, West Africa and East Africa), this book is a revisionist history of the British imperial manipulations of colonial currency systems to facilitate the rise of sterling to world supremacy via the gold standard, and to slow its eventual decline after World War II.

Britain forcibly replaced international currencies, including gold and sterling itself, by new localised silver currencies, backed by gold and sterling reserves in London, under the total control of the British Treasury and the powerful influence of the Bank of England.

Ignoring colonial needs, imperial decision-makers continuously over-ruled colonial governments, commercial interest in colonies (British and local), Colonial Office and the Crown Agents, to support liquidity in the London Money Market, convertibility of sterling, export of British capital, and cheap readily available finance for the British Government. Academia, including Keynes and institutions like the London School of Economics, are shown to have played supporting roles.

This book is valuable reading for academics and students interested in theories of imperialism, colonial underdevelopment, money (national and international) and related topics such as currency areas and exchange rates. Its comprehensive index links monetary concepts to actual events in the British Empire, with pointers to new research areas.

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Detail Information

Series Title

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Call Number

332.4

Publisher

London : Palgrave Macmillan London., 2016

Collation

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Language

English

ISBN/ISSN

978-1-137-55317-1

Classification

332.4

Content Type

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Media Type

computer

Carrier Type

online resource

Edition

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Subject(s)

KEUANGAN

Specific Detail Info

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Statement of Responsibility

Wadan Narsey

Other Information

Cataloger

ratna

Source

http://link.springer.com/10.1057/9781137553188

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