Monday, January 1, 2024

S4E28: The Malagasy Gold Rush

 

Map of gold deposits in 19th century Madagascar by Gwyn Campbell


The French invasion and blockade of Madagascar in 1884, while it hadn't conquered the island nation, wrecked havoc on the Malagasy economy. With his country's economy in shambles, and with foreign investors being unwilling to take the risk of investing in Madagascar, Rainilaiarivony had to implement a desperate policy to excite investors and potentially reverse Madagascar's economic freefall: the opening of the country's long secret gold deposits for business.

No comments:

Post a Comment