A Colonial Economy in the Great Depression, Madras (1929-1937)

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Orient Blackswan, 2003 - Depressions - 226 pages
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This book aims to give a complete description of the impact of the Great Depression on the Madras Presidency, by using the techniques of both a historian and an economist. Manikumar's multidisciplinary approach provides a fresh perspective on the political, economic and social conditions of the Presidency in the 1930s. The major areas covered are: Madras's economy before the Depression, particularly the state of the export-dependant agricultural sector; the rise of indebtedness among the peasants; the varied effects on industrial sectors; the economic policies of the colonial government, which worsened the degree of debt; and the social and political effects of the Depression, including the Indian National Congress's increased political influence.
 

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One of the amazing books I've ever read. A detailed analysis of the effects of the Great Depression in the Madras Presidency and the way in which the economic crisis affected the political situation and the Indian independence movement. It takes us back right to those days of turbulence and suffering and decribes in detail the political inclinations of local zamindars and the policies of the colonial regime. Wonderful book to say the least. A warm congrats and a heartfelt thanks to Prof. K. A. Manikumar for authoring this valuable source of information.  

Contents

The Depression and Its Onset
4
Tamilnadu on the Eve of the Depression
29
Agriculture
46
Industry
72
Fiscal and Monetary Policy of the Colonial State
96
The Governments Remedial Measures
136
Society and Politics
166
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