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Mandalay Economy inTransition(1859-1877)
- Ratanabon City is well known as Mandalay City. It was founded by King Mindon soon after he ascended to the Amarapura Throne in 1852. Many obstacles were ahead of him during his reign. Myanmar was defeated in the second war with the British the result of which was that lower Myanmar was ceded to the latter. It was indeed, a great loss to Myanmar King for rich food supply of rice, salted fish, fish paste and salt all of which were essential to Myanmar daily diet. The first and foremost reform to be carried out was to lessen its dependence for rice on lower Myanmar. The second was to introduce coinage system to become easier in economic transactions and taxations. And the third was the introduction of economic monopoly system and that of tax farming in inter-regional trade. People could see in this period change in agriculture, change in monetary system and change in trade all of which had never been practiced. For these changes in economic performances to be successfully implemented, King Mindon had an efficient, enthusiastic and zealous Heir Apparent popularly known as Prince Kanaung who was very much interested in all-round development of the kingdom to match with, or supersede the British imperialists so that they could be driven out and regain lost territories. For these reasons, reforms were introduced and carried out in the kingdom to become materialized. In brief this research paper is intended to treat the following three major points: on agriculture; on monetary system and on trade.
Yee Yee Win
- Conference Paper
- International Conference on Burma Studies, Burma/Myanmar in Transition: Connectivity, Changes and Challenges