The Drain of Silver to The East: And the Currency of India [Hardcover]
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The Drain of Silver to The East: And the Currency of India [Hardcover]

SKU: 9789370976108

Original price was: ₹875.00.Current price is: ₹569.00.

An analytical examination of the historical phenomenon of silver drainage from Western nations to Eastern markets, with particular focus on India’s currency systems and economic implications. This scholarly work explores the economic mechanisms and trade patterns that shaped 19th-century global commerce.

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Description

William Nassau Lees provides a comprehensive analysis of the significant outflow of silver from Western economies to Eastern regions, with India serving as the primary focal point of this economic study. The work examines the complex interplay between international trade, monetary systems, and the Indian currency framework during a pivotal period of global economic transformation.

Through detailed examination of trade routes, merchant activities, and monetary policies, Lees demonstrates how silver flowed eastward in response to Asia’s demand for precious metals and the structural limitations of Western commerce in Eastern markets. The text explores India’s currency mechanisms and the broader implications of silver drainage on both Eastern and Western economies.

This historical and economic treatise remains valuable for understanding 19th-century international trade dynamics, colonial economics, and the development of modern currency systems. It offers insights into how precious metal flows influenced economic policy and shaped the financial relationships between Europe and Asia.

Additional information

Author

William Nassau Lees
Publisher

‏ : ‎ Gyan Publishing House
ISBN

9789370976108

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