By Charles H. Feinstein
Charles Feinstein surveys years of South African monetary historical past from the years previous eu settlements in 1652 via to the post-Apartheid period. Following the early section of gradual progress, he charts the transformation of the economic climate a result of discovery of diamonds and gold within the 1870s, and the fast upward push of within the wartime years. ultimately, emphasizing the methods through which the black inhabitants was once disadvantaged of land, and prompted to provide exertions for white farms, mines and factories, Feinstein records the creation of apartheid after 1948, and its results for monetary functionality
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Extra resources for An Economic History of South Africa: Conquest, Discrimination, and Development
Over time they moved further down the east coast and along the southern coast, and by c. 1000 had penetrated as far as the Great Kei River. The relative abundance of water, good pasture for grazing, and land suitable for arable cultivation in this region promoted a dispersed pattern of settlement, with no large towns. Individual households were largely self-sufficient and could find all their resource requirements close to their homes. The traditional grain crops were millet and sorghum, and these staple grains restricted them to the region of summer rainfall.
In the subsequent centuries, two major linguistic groups, the Nguni and the Sotho–Tswana, continued the slow southward migration. 12 One group, the Nguni-speaking ancestors of today’s Zulu, Swazi, and Xhosa people, moved south across the Drakensberg Mountains into the well-watered land between the mountains and the Indian Ocean, an area in which they could practise their skills in both animal husbandry and cultivation. Over time they moved further down the east coast and along the southern coast, and by c.
They thus remained adamant in their claim of old-established natural ownership. Eventually they had to be told that they had now lost the land as a result of war and had no alternative but to admit that it was no longer theirs, . . 11 11 H. B. , Cape Town: A. A. Bakema for the Van Riebeeck Society, 1952–58, III, 5 and 6 April 1660, pp. 195–6. 16 An Economic History of South Africa The extract beautifully captures both the arrogance and the aggression that Europeans were to display so frequently over the next three centuries, and also the innocence – and ultimately, despite much spirited resistance, helplessness – of indigenous people, when faced by the superior power and weaponry of newcomers who were always so ready to resort to the sword and the gun.