British Imperialism And The Making Of Colonial Currency Systems

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, by new localised 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 the British Government. Academia, including Keynes and institutions like the London School of Economics, are shown to have played supporting roles. This book is valuable reading for academics and students interested in theories of imperialism, colonial underdevelopment, money (national and international) and related topics such as currency areas and exchange rates. Its comprehensive index links monetary concepts to actual events in the British Empire, with pointers to new research areas. This account of the rise and fall of sterling as a world currency may have lessons for the future trajectories of the US dollar, Euro, Chinese renminbi and the Indian rupee.

This book discusses the way in which those born into the British empire were persuaded to accept it, often with enthusiasm. The study compares the perceptions of people at 'home', in the dominions and in the colonies. Across the diversity of imperial territories it explores themes such as the diverse nature of political socialisation, the various agents and agencies of persuasion, reaction to the 'experience of dominance' by dominant and dominated, the paradoxical impact of the missionary and the subversive role of some women. It also considers the significant issues of colonial adaptation, resistance and rejection, and the post-imperial consequences of imperialism.

A provocative, breath-taking, and concise relational history of colonialism over the past 500 years, from the dawn of the New World to the twenty-first century.

From the eighteenth century until the 1950s the British Empire was the biggest political entity in the world. The territories forming this empire ranged from tiny islands to vast segments of the world's major continental land masses. The British Empire left its mark on the world in a multitude of ways, many of them permanent. In this Very Short Introduction, Ashley Jackson introduces and defines the British Empire, reviewing its historiography by answering a series of key questions: What was the British Empire, and what were its main constituent parts? What were the phases of imperial expansion and contraction and the general causes of expansion and contraction? How was the Empire ruled? What were its economic effects? What were the cultural implications of empire, in Britain and its colonies? What was life like for people living under imperial rule? What are the legacies of the British Empire and how should we view its place in world history? ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.

Develops a fresh non-Eurocentric analysis of the rise and development of the global economy in the last half-millennium.