The Nigerian cocoa industry and the international economy in the 1930s : a world-systems approach / by Olisa Muojama.

Format:

Book

Author/Creator:

Muojama, Olisa, author.

Language:

English

Subjects (All):

Cocoa trade--Nigeria--History--20th century.

Cocoa trade.

Nigeria--Economic conditions--To 1960.

Nigeria.

Nigeria--Foreign economic relations.

Physical Description:

1 online resource (xvi, 124 pages) : illustrations, maps

Edition:

1st ed.

Place of Publication:

Newcastle upon Tyne, UK : Cambridge Scholars Publishing, 2018.

Summary:

Periodic cycles and waves are characteristics of global capitalism. The contraction in world trade during the Great Depression of the 1930s stands out as the strongest adverse shock to international trade in modern history. This book uses the Nigerian cocoa industry's encounter with the world economy of the 1930s to knit together a gamut of themes ranging from the social formations of production to the forces of demand and supply, and price fluctuations and stabilization, as well as the protest movements against monopoly capitalism. It examines the Nigerian cocoa industry within the international economy of the inter-war years, in order to demonstrate how the dynamics of the international capitalism of the 1930s such as the Great Depression and the fluctuations in commodity prices affected the cocoa industry and the peasant cocoa producers in colonial Nigeria. It provides an interesting case study of the impact of international capitalism on the periphery economy, as well as the consequences of economic dependence on the external market. This book will be an indispensable resource for historians, economists, anthropologists and the general reader with an interest in the areas of international political economy, depression economics, world commodity trade, and agriculture and its related industries.

Contents:

Intro

Table of Contents

List of Illustrations

List of Tables

Acknowledgements

List of Abbreviations

Chapter One

The International Economy

Africa in the Crisis and Catastrophe of the 1930s

A Note on Sources and Methodology

Chapters in Brief

Chapter Two

The Rise of the World Cocoa Trade

The Penetration of European Capital and the Beginnings of the Cocoa Culture in Nigeria

Cocoa Production and Processing in Colonial Nigeria

The Effects of Cocoa Production on Pre-colonial and Colonial Nigeria

The Organization of the Cocoa Trade in Colonial Nigeria

Conclusion

Chapter Three

The Export Trade in Nigeria

The Nigerian Cocoa Industry during World War I, 1914-1918

The Nigerian Cocoa Industry in the First Phase of the Inter-war Years, 1919-1929

Chapter Four

The Great Depression of the 1930s

The Depression and the General Fall and Fluctuationsin the World Cocoa Prices in the 1930s

Chapter Five

Price Volatility, Stabilization and the InternationalCommodity Restrictions

The Fall in the World Cocoa Prices and the Callfor the International Cocoa Restrictions

The West African Cocoa Industry and the Failure of theInternational Cocoa Restriction Scheme in the 1930s

Chapter Six

Keynesianism and the Consolidation of Deglobalization

The Fluctuations in the World Cocoa Prices in the 1930s

The Effects of the Fluctuations in the World Cocoa Pricesof the 1930s on the Nigerian Cocoa Farmers

Chapter Seven

Displacing "the Irrational" Elements

The African Reactions to Trade Concentrations

The Cocoa Hold-Up of 1937-38

Chapter Eight

Notes

Select Bibliography

Index.

Notes:

Description based on print version record.

Description based on publisher supplied metadata and other sources.

ISBN:

1-5275-1552-4

OCLC:

1046634052