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Financing the Raj - The City of London and Colonial India, 1858-1940 (Hardcover, New) Loot Price: R2,985
Discovery Miles 29 850
Financing the Raj - The City of London and Colonial India, 1858-1940 (Hardcover, New): David Sunderland

Financing the Raj - The City of London and Colonial India, 1858-1940 (Hardcover, New)

David Sunderland

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Loot Price R2,985 Discovery Miles 29 850 | Repayment Terms: R280 pm x 12*

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A detailed analysis of how government in India was financed during the period of direct British rule. This book explores the financial relationship between the Indian government, as represented by the India Office, and the City of London during the period of direct British rule. The universally accepted view is that the Office acted in the interests of the City and to the detriment of India. Financing the Raj disputes this conclusion. It argues that India was a constituent part of the City, contributing to and benefitting from its operation throughthe formation of close symbiotic and trust relationships, the exchange of gifts, the recycling of funds, and, perhaps most significantly, the support of the gold standard. The book examines the Office's activities from a British and practical perspective. In the first part, the issue and sale/purchase on the London market of Indian government debt is explored. Next, the author discusses the purchase of silver and the 'scandal' of 1912, when the awardof a major contract to the family firm of the Under Secretary of State for India led to accusations of cronyism and fraud. The finance of Indian trade, the management of exchange rates and the transfer from India to London of themoney needed to meet the Indian government's UK commitments are then investigated. The book concludes with an analysis of the Office's investment role and its management of the three cash reserves held in the capital. Financing the Raj overturns many myths, demonstrating that those involved in Indian finance did work in the best interests of India and were well aware of the close interrelationship between Indian finance, the City of London andthe wider British economy. It will be of interest both to historians of empire and historians of finance. DAVID SUNDERLAND is Reader in Business History at the University of Greenwich and the author of four monographs and numerous articles on the economic history of London, British Imperialism and nineteenth-century social capital. He is also Series and Collection editor of Pickering & Chatto's Britain and Africa series of source monographs.

General

Imprint: The Boydell Press
Country of origin: United Kingdom
Release date: February 2013
First published: 2013
Authors: David Sunderland
Dimensions: 234 x 156 x 20mm (L x W x T)
Format: Hardcover - Cloth over boards
Pages: 256
Edition: New
ISBN-13: 978-1-84383-795-4
Categories: Books > Humanities > History > World history > 1750 to 1900
Books > Humanities > History > Asian / Middle Eastern history > General
Books > Social sciences > Politics & government > Political ideologies > Imperialism
Books > Humanities > History > World history > From 1900 > General
Books > History > Asian / Middle Eastern history > General
Books > History > World history > 1750 to 1900
Books > History > World history > From 1900 > General
LSN: 1-84383-795-1
Barcode: 9781843837954

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