Mobilisation of financial resources in Nigeria and the Southern Cameroons in World War 11
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Date
1998-08
Authors
Lawal, A.A.
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Abstract
The serious damage done to the British economy during World War II compelled
the leaders of the British Government to look for some ways of repairing the damage.
Hence they turned to the colonies for help. Inter alia they needed financial assistance
because of their inability to pay for imports from the United States. Imports of food, arms and amunitions and other supplies from America into Britain were in excess of Britains export. As the excess must be paid for in dollars, Britain was in a 'dollar crisis' and thereby decided to use the Empire to help in solving the dollar problem. Colonies
therefore restricted their dollar imports and increased exports which were directed to
Britain and thence forward re-exported to the United States. Financial contributions from the colonies including Nigeria and the Southern Cameroons provided a substantial
to Britain during the war.
Description
Conference Papers
Keywords
Financial Resources , World War
Citation
Lawal,A.A. (1998) Mobilisation of financial resources in Nigeria and the Southern Cameroons in World War 11.Being a Paper presented on the XII congress of the International Economic History Association, Madrid, Spain.