Monetary Foundations of the Raj
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...
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...