Money: Trade, Investment, and Economic Nationalism
Money: Trade, Investment, and Economic Nationalism
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.
Keywords: investment, trade, economic nationalism, Australian colonies, British Empire, free trade, loans
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