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Money: Trade, Investment, and Economic Nationalism

Bolton, G. (2010) Money: Trade, Investment, and Economic Nationalism. In: Schreuder, D. and Ward, S., (eds.) Australia’s Empire. Oxford University Press, pp. 211-231.

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This chapter examines the nature of investment, trade, and economic nationalism in colonial Australia. It argues that British finance played only a minor role in the first half-century of colonization because during this period Australian colonies remained undercapitalized. However, free trading brought great advantages to Australian exporters to Britain and entrepreneurs benefitted from membership to the Empire by being able to offer loans on the London markets at favourable secured rates.

Publication Type: Book Chapter
Murdoch Affiliation: School of Social Sciences and Humanities
Publisher: Oxford University Press
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