Crises and Adaptation
Ayodeji Olukoju
What the paper says
<h3>Abstract</h3> This article examines the transition from precolonial to colonial currencies, and responses by the government, commercial banks, expatriate and indigenous traders, and the indigenous population in Nigeria between 1900 and 1930. It considers the subject in the contexts of trade and imperialism, global warfare, commercial cycles (boom and bust), debates about the suitability of various metals (aluminum, copper, nickel, and silver), the politics of seigniorage between the imperial and colonial governments, occasional currency scarcities, counterfeiting and infiltration of French coins, and cultural views of money which informed African inhabitants’ responses to the vicissitudes of colonial currencies. Varying responses in Lagos and its hinterlands included distrust of disfigured and worn coin, rejection and discounting of currency notes, and hoarding and smelting of silver coin. This article highlights and explains different forms of African agency and adaptation in the colonial political economy.
Evidence weight
Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40
| F · citation impact | 0.50 × 0.4 = 0.20 |
| M · momentum | 0.50 × 0.15 = 0.07 |
| V · venue signal | 0.50 × 0.05 = 0.03 |
| R · text relevance † | 0.50 × 0.4 = 0.20 |
† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.