Published online by Cambridge University Press: 22 January 2009
Only recently have historians devoted much attention to monetary developments in African history, primarily because the substantivist school of economic anthropology, which has argued that so-called western economic theory does not apply to African situations, has dominated the field. This view has been increasingly under attack in recent years, particularly by a new group of economic historians who have found many aspects of formal economic theory useful in the reconstruction of Africa's past. Marion Johnson's pioneering work on the gold mithqal and cowrie shell, for example, has documented the spread of a common currency over much of West Africa, throughout an area encompassed by Lake Chad in the east, the upper reaches of the Senegambia in the west, the southern Sahara in the north, and the region between the Volta basin and the Niger Delta in the south. The study of other currencies, including the copper rod standard of the Cross River basin in Nigeria and Cameroons, and the cloth money of the Senegambia, has demonstrated the importance of other standards besides cowries and gold, so that it is now known that virtually all of precolonial West Africa had economies sufficiently developed to require the use of circulating mediums of exchange and units of account. This breakthrough raises a number of important questions which seriously challenge, if not completely undermine, the predominant view that Africa's past, down to very recent times, has been subsistence oriented, non-market directed, and basically static.
1 For a summary of the substantivist approach and some of its critics, see Harold, K. Schneider, Economic Man. The Anthropology of Economics (New York, 1974)Google Scholar, Philip, D. Curtin, Economic Change in Pre-Colonial Africa. Senegambia in the Era of the Slave Trade (Madison, forthcoming)Google Scholar, and Hopkins, A. C., An Economic History of West Africa (London, 1973).Google Scholar
2 Marion, Johnson, ‘The Cowrie Currencies of West Africa’, parts I and II, J. Afr. Hist., XI, 1 (1970), 17–49 and XI, 3 (1970), 33–53Google Scholar (referred to as ‘Cowrie Currencies, I’, and ‘Cowrie Currencies, II’) and ‘The Nineteenth Century Gold “Mithqal” in West and North Africa’, J. Afr. Hist., IX, 4 (1968), 547–70.Google Scholar
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4 The research for this paper was carried out in connexion with a study of the history of the Hausa kola trade, which a generous grant from the Fulbright-Hayes Program made possible. I wish to thank Allen Isaacman, Martin Klein, Stephen Baier, Marc Egnal, Jean Hay, Philip Curtin, and Marion Johnson for comments on earlier drafts, which were read at the 15th Annual Convention of the African Studies Association, Philadelphia, 1972, and the African Economic History Workshop, University of Wisconsin-Madison, 3 July 1974.
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9 Johnson, , ‘Cowrie Currencies, I’, 33 and ‘Cowrie Currencies, II’, 331.Google Scholar The concept of money in the Hausa country may have been imported from the cowrie zone of Songhay and Mali. The Hausa word for money, kurd'i or kud'i, appears to be of Mande origin and probably is a very ancient borrowing. The proto-Mandekan form for money and silver has been reconstructed as *N-kodi, with the ‘N’ representing a slight nasalization which could easily be dropped. The proto-Mandekan form for cowries, on the other hand, was probably *Kodon, which looks somewhat similar to the Hausa term but is probably not related (personal communication from Professor Charles Bird, Indiana University). The word for cowrie in Hausa, which is also the singular for kud'i, is not connected with these forms at all. The word is uri, perhaps wuri in its archaic form. It has been suggested that the term is more closely related to the Nupe word for cowrie, w'ni, and to the Yoruba word, owo, but this has not been confirmed linguistically. Nevertheless, if true, it could have been borrowed at the time in the eighteenth century when large amounts of cowries began to enter the Hausa economy from the south (see Hiskett, , ‘Materials Relating to the Cowry Currency’, 352).Google Scholar
10 For a discussion of Central Sudan droughts, see Paul E. Lovejoy and Stephen Baier, ‘The Desert-Side Economy of the Central Sudan’ (forthcoming).
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Gold Coast slave exports declined from 60,800 in the period from 1781 to 1790, and 67,700 between 1791 and 1800, to 31,300 between 1801 and 1810. Thereafter exports dropped considerably, so that slaves of Gold Coast origin were not significant in the imports of nineteenth-century Cuba and Brazil, the two major slave receiving areas after 1810; see Philip, D. Curtin, ‘Measuring the Atlantic Slave Trade’, in Engerman, S. (ed.), Race and Slavery (forthcoming).Google Scholar
19 Lovejoy, ‘Hausa Kola Trade’, chs. III, VI.
20 Lovejoy and Baier, ‘Desert-Side Economy’.
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