Banking Firms in Nineteenth-Century Hyderabad Politics

  title={Banking Firms in Nineteenth-Century Hyderabad Politics},
  author={Karen B. Leonard},
  journal={Modern Asian Studies},
  pages={177 - 201}
  • K. Leonard
  • Published 1 April 1981
  • History, Economics
  • Modern Asian Studies
The relationship between business and politics in preindustrial societies has seldom been clear from historical records. I have argued elsewhere that the major banking firms of Mughal India were central to the imperial system. These ‘great firms’ were not parasites, passively supportive of the state because it preserved the law and order necessary for trade; they were not self-contained caste communities interacting with the government through the leaders of panchayats or guilds. Their… 
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