ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Britain, USA and Indian Gold Standard

G Balachandran. The controversy that surrounded the currency question in colonial India is the focus of the present paper. Relying on primary sources, the paper argues that the preservation of the gold exchange standard and the rejection of the plea for a gold standard, made by the government of India and Indian nationalists alike, had much to do with British and American interests, a crucial determinant being Britain's external liquidity crisis in the inter- war years.

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