Credit, currencies, and culture : African financial - download pdf or read online

By Stiansen, Endre; Guyer, Jane I.

ISBN-10: 9171064427

ISBN-13: 9789171064424

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The Moors and the negro inhabitants of the interior part of the country, hold that commodity in high estimation. ) There were also variations in the value of the “bar,” the fictive unit of account used for assortment bargaining in which iron bars and imported cloth figured prominently, as measured in silver coin. 9 In contrast, French efforts to introduce silver coinage into the Senegal River trade to the north failed. Sahelian merchants rejected silver as a currency but accepted it as a trade good to be melted down to make jewelry.

At a minimum, the hypothesis that the tontine did not exist in pre-colonial Dahomey deserves to be taken seriously. The absence of tontines would parallel that of other forms of private cooperation like secret societies for the suppression of theft and witchcraft, such as existed among the Yoruba. 118 This stunting of private cooperative institutions seems to be correlated with the strength of the monarchy, and may indeed be the result of conscious policy. The rationale was, indeed, perceived by at least one contemporary observer of the eighteenth century, who noted in a different context that the kings of Dahomey wished “that there may be no ...

1 (1972):81–95 42 —. The Western Slave Coast and its Rulers. Oxford, 1961. Norris, Robert. Memoirs of the Reign of Bossa Ahadee, King of Dahomy. London, 1789. Nwabughuoghu, Anthony. ” Africa 54 (1984):46–58. Phillips, Thomas. “Journal of a voyage in the Hannibal of London, ann. 1693, 1694,” in Collection of Voyages & Travels. Vol. 6. Ed. Awnsham Churchill and John Churchill, 173–239. London, 1732. Polanyi, Karl. Dahomey and the Slave Trade. Seattle, 1966. Public Record Office. Records of the African Companies.

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Credit, currencies, and culture : African financial institutions in historical perspective by Stiansen, Endre; Guyer, Jane I.

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