Description
Book SynopsisAllan E. S. Lumba explores how the United States used monetary policy and banking systems to justify racial and class hierarchies, enforce capitalist exploitation, and counter movements for decolonization in the American colonial Philippines.
Trade Review“
Monetary Authorities is a stringent, riveting account of the important role of currency controls in the expansion of US imperial rule and racial capitalism. Allan E. S. Lumba’s work incisively details how currency stabilization, economic security, financial regulation, and fiscal discipline are key normative instruments of racial subjugation, political pacification, and counter-decolonization. A crucial, powerful intervention reminding us of the politics of everyday transactions at the level of small change.” -- Neferti X. M. Tadiar, author of * Remaindered Life *
Table of ContentsAcknowledgments ix
Introduction: Monetary Authority 1
1. The Wealth of Colonies 12
2. Mongrel Currencies 40
3. Bad Money 67
4. An Orgy of Mismanagement 94
5. Under Common Wealth 119
Conclusion: Decolonization 147
Notes 155
Bibliography 191
Index 207
