OnPoint Subscriber Exclusive
Money and Empire
Although British imperialists often told themselves that by taking over the public administration of China and the Indian subcontinent, they would bring those civilizations into the modern age, the reality was altogether different. Two histories of Pax Britannica make clear that economic exploitation was always the top priority.
https://prosyn.org/RkAKVoO
Hans van de Ven, Breaking with the Past: The Maritime Customs Service and the Global Origins of Modernity in China, Columbia University Press, 2014.
PRINCETON – Centuries are usually analyzed with reference to the great powers that dominated them. The nineteenth century was the era of Pax Britannica, although most people now realize that the “pax” in that case was not particularly peaceful. The twentieth century became the American Century, as heralded in Henry Luce’s February 1941 editorial in Life magazine. And the current century, one often hears, will belong to China (and, perhaps, to India).