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World history --- anno 1700-1799 --- anno 1800-1899 --- Industrial revolution --- Social capital (Sociology) --- Trust --- Révolution industrielle --- Capital social (Sociologie) --- Confiance --- Social aspects --- Aspect social --- Révolution industrielle --- Social aspects. --- Revolution, Industrial --- Economic history --- Social history --- Trust (Psychology) --- Attitude (Psychology) --- Emotions --- Capital, Social (Sociology) --- Sociology
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Great Britain. --- Great Britain --- Commonwealth countries --- Grande-Bretagne --- Pays du Commonwealth --- Colonies --- Administration --- History --- Economic conditions --- Histoire --- Conditions économiques
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A survey of the Crown Agents during a turbulent and eventful period. Britain's Crown Agents' Office is a unique development agency. Until the early 1960s, its clients were colonial governments, and, thereafter, the administrations of dependencies and newly independent countries. As well as purchasing a large proportion of its customers' imports, it provided them with finance and managed their investments. It was thus one of the largest buyers of goods in the UK, and, after, the Bank of England, the country's biggest financial institution. This book, the sequel to the author's 'Managing the British Empire: The Crown Agents, 1833 -1914' (Boydell, 2004), examines the Agents' various development roles, including the disastrous venture into secondary banking in 1967 which collapsed in 1974, then the largest bankruptcy in British financial history. The book contributes to a number of current debates in development studies, adds to our understanding of the London financial market and the competitiveness of British industry, and shows how present day aid agencies can learn much from the arrangements of the past.
Great Britain. --- History. --- Great Britain --- Commonwealth countries --- British Commonwealth countries --- British Commonwealth nations --- British Dominions --- Commonwealth nations --- Commonwealth (Organization) countries --- Dominions, British --- England --- Colonies --- Administration --- History --- Economic conditions. --- HISTORY / Modern / General. --- Aid Agencies. --- British Empire. --- Colonial Development. --- Crown Agents. --- Finance. --- Government.
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This book explores the financial relationship between the Indian government, as represented by the India Office, and the City of London during the period of direct British rule. The universally accepted view is that the Office acted in the interests of the City and to the detriment of India. 'Financing the Raj' disputes this conclusion. It argues that India was a constituent part of the City, contributing to and benefitting from its operation through the formation of close symbiotic and trust relationships, the exchange of gifts, the recycling of funds, and, perhaps most significantly, the support of the gold standard. The book examines the Office's activities from a British and practical perspective. In the first part, the issue and sale/purchase on the London market of Indian government debt is explored. Next, the author discusses the purchase of silver and the 'scandal' of 1912, when the award of a major contract to the family firm of the Under Secretary of State for India led to accusations of cronyism and fraud. The finance of Indian trade, the management of exchange rates and the transfer from India to London of the money needed to meet the Indian government's UK commitments are then investigated. The book concludes with an analysis of the Office's investment role and its management of the three cash reserves held in the capital. 'Financing the Raj' overturns many myths, demonstrating that those involved in Indian finance did work in the best interests of India and were well aware of the close interrelationship between Indian finance, the City of London and the wider British economy. It will be of interest both to historians of empire and historians of finance. DAVID SUNDERLAND is Reader in Business History at the University of Greenwich and the author of four monographs and numerous articles on the economic history of London, British Imperialism and nineteenth-century social capital. He is also Series and Collection editor of Pickering & Chatto's Britain and Africa series of source monographs.
Government lending --- Government loans --- Loans --- Linked deposit programs --- Great Britain. --- India --- Great Britain --- Economic policy --- Colonies --- Economic policy. --- Economic conditions --- Politics and government --- India Office (Great Britain) --- Bharat --- Bhārata --- Government of India --- Ḣindiston Respublikasi --- Inde --- Indië --- Indien --- Indii︠a︡ --- Indland --- Indo --- Republic of India --- Sāthāranarat ʻIndīa --- Yin-tu --- インド --- هند --- Индия --- 1800-1999 --- HISTORY / Asia / India & South Asia. --- British Economy. --- British Imperialism. --- British Rule. --- City of London. --- Colonial India. --- Finance. --- Financing. --- Gold Standard. --- India Office. --- Indian Government. --- Symbiotic Relationships.
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Great Britain --- India
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London (England) --- London (England) --- Economic conditions. --- History
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