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BRITISH IMPERIALISM AND MAKING OF COLONIAL CURRENCY SYSTEMS

 36,571.17

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BRITISH IMPERIALISM AND MAKING OF COLONIAL CURRENCY SYSTEMS
Author: WADAN NARSEY
ISBN: 9781137553171
Publisher: SPRINGER INDIA PRIVATE LIMITED
Category: BUSINESS | BUSINESS FINANCE AND INVESTMENT
Series:
Level: None
BookCover: Hard Cover
Number Of Pages: 356
Volume Number 0
Number Of Volumes 0
Edition No: 1

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, with new localized 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

BRITISH IMPERIALISM AND MAKING OF COLONIAL CURRENCY SYSTEMS
 36,571.17
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