Basically, British policy was guided by the supposition that its colonies would contribute revenue and stimulate industrial growth by providing both raw materials and markets for British mercantile expansion. This appeared to be a simple transplantation of economic units, but due to British colonial policy the situation became quite complex. When the English colonists arrived in America they naturally continued to use the monetary units of Britain, namely the pound, shilling and pence for which £1 equalled 20s and 1s equalled 12d. The Comparative Value of Money between Britain and the Colonies
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |