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Books > History > World history > From 1900
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Britain's Sterling Colonial Policy and Decolonization, 1939-1958 (Hardcover, 3rd ed.)
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Britain's Sterling Colonial Policy and Decolonization, 1939-1958 (Hardcover, 3rd ed.)
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Arguing that Britain's sterling policy had a significant impact on
its colonial economic policy, this book focuses on the connection
between Britain's sterling and balance of payments policy, colonial
economic policy, and the British government's decision to transfer
power to colonial peoples. The volume considers such factors as
sterling policy and the state of the British economy, U.S. and
Western European pressure for multilateralism in Britain's trade
and commercial policy, the movement toward independence in colonial
territories, and the cost of financing colonial development and
welfare. The book argues that in the postwar years the assumptions
guiding British policies for colonial political reform were
undermined by postwar developments in Ghana, Nigeria, and the
Malayan Federation--the three greatest dollar-earning colonies. As
these colonies moved toward independence, their demands for
development finance forced Britain to face the prospect of meeting
such demands at great costs when the expenditure could not be
justified. Britain extricated itself from this dilemma by
transferring power to colonial peoples.
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