By Charles H. Feinstein

ISBN-10: 0521850916

ISBN-13: 9780521850919

Charles Feinstein surveys years of South African financial background from the years previous ecu settlements in 1652 via to the post-Apartheid period. Following the early section of sluggish development, he charts the transformation of the economic climate because of the discovery of diamonds and gold within the 1870s, and the swift upward thrust of within the wartime years. eventually, emphasizing the methods during which the black inhabitants used to be disadvantaged of land, and brought on to provide exertions for white farms, mines and factories, Feinstein records the creation of apartheid after 1948, and its outcomes for financial functionality

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Additional resources for An Economic History of South Africa: Conquest, Discrimination, and Development

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Schumann, Structural changes and business cycles in South Africa, 1806–1936, London: P. S. King & Son, 1938, p. 44. Some writers have been keen to assert the importance of commercialization and class formation in the Cape economy from the late eighteenth century, and to emphasize that neither eighteenth-century pastoralists at the Cape, nor later trekboers in the interior should be seen as purely selfsufficient, isolated, subsistence farmers. There is no doubt that frontier families did produce for the local market, if only to obtain the various commodities – from sugar and coffee to guns and ammunition – that were important to them.

In the two following years they were reinforced by some 2,300 agricultural labourers, also from Germany. Other changes affecting the labour supply for the colony, including the abolition of slavery in 1834, will be discussed in the following chapter. Perhaps the main gain to the economic life of the colony from its absorption into the British Empire was the stimulus given to wine farms. Under the system of imperial preference operated by the United Kingdom, Cape wines were allowed to enter on payment of duties appreciably below those charged on wines from France and other foreign countries.

Fi sh R . G y a AT KAROO nd GRE Kei s Su . Stellenbosch Swellendam Map 2. Cape Colony in the eighteenth century Mossel Bay Grahamstown ZUURVELD Port Elizabeth R CapeTown Tulbagh L O ITTLE KARO de R Bree a . 2 Farms of this size meant isolation, and isolation was not conducive to the exchange of either ideas or goods. 3 The British could not transform adverse natural conditions, but eliminated most of the restraints imposed by the VOC on domestic trade and the supply of passing ships, and allowed the colonists to participate so far as they could in international trade.

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