Gold, Currency and Stamps: The Rejected Plans for a State and Public Bank in Early Colonial Zimbabwe (1896–1907)

Nyamunda, Tinashe

doi:10.1007/978-3-030-83461-6_5

Cited by 2 publications

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References 23 publications

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“…As the case of Southern Rhodesia demonstrates, the imposition and gradual entrenchment of sterling was informed by imperial interests determined to enforce the kinds of commodities grown, and how or at what price they were traded. 8 By the time currency arrangements were established in the colony, the formation of the Imperial Tobacco Company of Great Britain and Ireland (ITC) set the tone for the future trajectory of the global tobacco industry, with implications for Southern Rhodesia, Nyasaland (now Malawi), South Africa and, to an extent, Northern Rhodesia (Zambia). 9 The establishment of the ITC culminated in the Anglo-American agreement in terms of which the American Tobacco Company (ATC) conceded to cease activities in Great Britain and Ireland.…”

Section: Tobacco Production In Southern Rhodesia: Origins and Develop...mentioning

confidence: 99%

Southern Rhodesia and Britain’s Discriminatory Sterling Area: The Dollar Crisis and Post-War Colonial Tobacco Trade, 1947–1960

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Nyamunda

2022

The Journal of Imperial and Commonwealth History

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Drawing on archival material from the National Archives of Zimbabwe, Adam Matthews Digital Archives and newspaper reports, this study locates Southern Rhodesia's tobacco industry within post-war currency developments and the politics of international trade. Following the Second World War, the shift in the financial balance of economic power triggered by the shift from the gold standard to the reformed gold standard had a lasting impact on global trade. This resulted in the British retreat from the position of hosting the global key currency denominated in sterling towards the US dollar from 1944 onwards. This study utilises the effects of this shift in the case of Southern Rhodesia, a British colony, and its impact on one specific commodity: tobacco. Because of the dollar crisis of 1947 in Britain, however, and Cold War geopolitical considerations explored in this paper, Britain was extended some leeway by the United States to recover from the losses of two world wars and a depression, as well as the loss of key currency status in ways that resulted in the establishment of a discriminatory sterling area that informed colonial trade dynamics in interesting ways. This paper thus brings the experience of Southern Rhodesia's tobacco industry into sharp focus by centring it in the context of international exchange arrangements and trade considerations in the post-Second World War period. In doing so, it illuminates imperial-colonial relations in a settler colonial setting against the background of post-war Anglo-American economic relations.

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Section: Tobacco Production In Southern Rhodesia: Origins and Develop...mentioning

confidence: 99%

Southern Rhodesia and Britain’s Discriminatory Sterling Area: The Dollar Crisis and Post-War Colonial Tobacco Trade, 1947–1960

Ncube

Nyamunda

2022

The Journal of Imperial and Commonwealth History

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Emergism as Ideology: Zimbabwe’s Ill-Fated Policies for an ‘Emerging’ Upper-Middle-Income Economy

Nyamunda

2023

International Political Economy Series

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Gold, Currency and Stamps: The Rejected Plans for a State and Public Bank in Early Colonial Zimbabwe (1896–1907)

Cited by 2 publications

References 23 publications

Southern Rhodesia and Britain’s Discriminatory Sterling Area: The Dollar Crisis and Post-War Colonial Tobacco Trade, 1947–1960

Southern Rhodesia and Britain’s Discriminatory Sterling Area: The Dollar Crisis and Post-War Colonial Tobacco Trade, 1947–1960

Emergism as Ideology: Zimbabwe’s Ill-Fated Policies for an ‘Emerging’ Upper-Middle-Income Economy

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