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Author
A. Feenstra
Year
2013
Title
Coins as gauge for growth: VOC- doits to probe Java’s deep monetisation, 1700-1800
Number of pages
26
Publisher
Utrecht: Centre for Global Economic History, Universiteit Utrecht
Serie
CGEH working paper series
Volume | Edition (Serie)
49
Document type
Working paper
Faculty
Faculty of Humanities (FGw)
Institute
Amsterdam Institute for Humanities Research (AIHR)
Abstract
During the eighteenth century the VOC imported over a billion small copper coins (doits) to Java, which is a remarkable operation for the world’s largest enterprise at that time, since these coins were unfit to pay for the company’s wholesale trade. This paper argues that the VOC responded to Java’s specific need for small coins, because people increasingly relied on the market for daily necessities and became less dependent on subsistence farming. The alternative explanations of population growth, substitution and inflation do not satisfactorily explain the increased demand for these copper doits. Therefore, this paper proposes that Java’s economy underwent a transformation, particularly after 1750.
Link
Link
Language
English
Note
November 2013
Permalink
http://hdl.handle.net/11245/1.402051
Downloads
  • CGEHWP49_feenstra.pdf

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