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Monetary Foundations of the Raj (Hardcover)
Loot Price: R5,016
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Monetary Foundations of the Raj (Hardcover)
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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. 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anthology published studies and unpublished archival records have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.
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