Monetary Foundations of the Raj

Download or read book Monetary Foundations of the Raj written by Sanjay Garg and published by Routledge. This book was released on 2019-05-14 with total page 377 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 In this unique anthology published studies and unpublished archival records have been integrated into an overall theme.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.