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Monetary Foundations of the Raj
Foyalty 288

Monetary Foundations of the Raj (Hardback)

£95.00
Pre-order. Despatched on publication 05/10/2018

Synopsis

In the administration of colonial finances, the monetary policy of the Imperial power relating to their dependencies has tremendous impact on the colonial economy. The British East India Company, therefore, adopted a policy of gradually subsuming the local currencies of India and replacing them with a uniform imperial currency. After passing a series of regulations, in 1835 the Company was able to introduce a universal currency in all its Indian possessions. This proved to be a landmark in the economic consolidation of the British rule in India.





This volume presents an account of the monetary policies adopted by the British East India Company that resulted in the establishment of a uniform monetary regime in British India. It demonstrates how passing through the stages of prohibition and permission of their minting activities by the Indian powers, the Company was successful in securing full control over money supply - the life blood of a monetized economy - which, in turn, affected almost every aspect of India's colonial economy and played a crucial role in laying the foundation for its colonial subjugation.





In this unique anthology published studies and unpublished archival records have been integrated into an overall theme. Together with a comprehensive bibliography-cum-list for further readings this volume is aimed to serve as a veritable reference tool.

BusinessEconomicsEconomic historyHistory & PoliticsHistory: ChronologicalEarly history: c 500 to c 1450-1500History & PoliticsHistory: ChronologicalModern history to 20th century: c 1700 to c 1900History & PoliticsHistory: specific events & topicsColonialism & imperialismHistory & PoliticsRegional & national historyAsian history Publisher: Taylor & Francis Ltd Publication Date: 05/10/2018 ISBN-13: 9781138280625  Details: Type: Hardback Format: Books
Availability: Pre-order. Despatched on publication 05/10/2018 Login for Quick Checkout Pre-Order

Sanjay Garg has served at the National Archives of India for 24 years and is at present heading the Research Division of the SAARC Cultural Centre, Colombo. He is also the Executive Editor of the SAARC Culture and Editor of the Numismatic Digest.

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