Browsing by Author "Ally, Russell"

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    Currency, banking and politics: the Bank of England, sterling and South Africa's monetary system, 1914-1925.
    (1991-10) Ally, Russell
    The extent of imperial capital's dominance over South Africa's economy at the time of the formation of Union inevitably raises serious questions about the content of the country's political independence in 1910. This is not to deny that the making of Union was of far-reaching political significance. Yet, it is also evident that the unified state which emerged in 1910, far from representing the triumph of national interests over imperial interests, did much to safeguard British supremacy in South Africa. What this paper suggests is that our understanding of Britain's continued domination over South Africa - even after the country had formally gained its political independence - and the challenge which took place to imperial capital's hegemony during the period 1914-1925, can be enhanced by looking at the way in which South Africa was incorporated into the imperial economic system - particularly with regard to such crucial and sensitive matters as currency and banking.
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    South Africa's Path to Industrialisation, c1850-1925.
    (1993-06-28) Ally, Russell