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Monetary Foundations of the Raj

Monetary Foundations of the Raj

$76.00
Author:Edited by Samjit Garg
ISBN 13:9789388540179
Binding:Hardbound
Language:English
Year:2019
Subject:History/Modern Period

About the Book

In the administration of colonial finances, the monetary policy of the Imperial power relating to their dependencies had tremendous impact on the colonial economy. The British East India Company, in 1835 was able to introduce a universal currency in all its Indian possessions which 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 by which it was successful in secur­ing full control over money supply – the life blood of a monetized economy. This, 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 In this unique anthology, published studies along with unpublished archival records have been integrated into an overall theme.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.