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The Spider's Web: Britain's Second Empire

The Spider's Web: Britain's Second Empire poster
★ ★ ★ ★ ★
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7.7
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How Britain transformed from an imperial power to a financial power.
Director
Michael Oswald
Year
2017
Genre
documentary
Box Office
N/A
Production
N/A
Awards
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(dramatic music) - The Spider's Web: Britain's Second Empire 00:12
(dramatic music)
Everywhere he stands against the threatening years, - The Spider's Web: Britain's Second Empire 00:10
Everywhere he stands against the threatening years,
- [Narrator] The British Empire, - The Spider's Web: Britain's Second Empire 00:08
- [Narrator] The British Empire,
And it's bankers proclaimed the might of its currency. - The Spider's Web: Britain's Second Empire 00:06
And it's bankers proclaimed the might of its currency.
But one day, it all began to fall apart. - The Spider's Web: Britain's Second Empire 00:05
But one day, it all began to fall apart.
One by one, countries declared their independence - The Spider's Web: Britain's Second Empire 00:09
One by one, countries declared their independence
(solemn music) - The Spider's Web: Britain's Second Empire 00:14
(solemn music)
(solemn music) - The Spider's Web: Britain's Second Empire 00:16
(solemn music)
In the days of the British Empire, the City of London - The Spider's Web: Britain's Second Empire 00:09
In the days of the British Empire, the City of London
- The City of London was the kind of beating financial heart - The Spider's Web: Britain's Second Empire 00:07
- The City of London was the kind of beating financial heart
Historians, Cain and Hopkins, called it the governor - The Spider's Web: Britain's Second Empire 00:06
Historians, Cain and Hopkins, called it the governor
All these countries in the Empire used - The Spider's Web: Britain's Second Empire 00:13
All these countries in the Empire used
- [Narrator] As Britain's empire declined, - The Spider's Web: Britain's Second Empire 00:07
- [Narrator] As Britain's empire declined,
- [Reporter] One British Army truck is bombed, - The Spider's Web: Britain's Second Empire 00:07
- [Reporter] One British Army truck is bombed,
As rioting becomes daily, more widespread on Cypress, - The Spider's Web: Britain's Second Empire 00:09
As rioting becomes daily, more widespread on Cypress,
Here, a group of girls are being dispersed - The Spider's Web: Britain's Second Empire 00:07
Here, a group of girls are being dispersed
(solemn music) - The Spider's Web: Britain's Second Empire 00:12
(solemn music)
In 1956, Egypt nationalized the Suez Canal. - The Spider's Web: Britain's Second Empire 00:06
In 1956, Egypt nationalized the Suez Canal.
- [Reporter] A new Middle East crisis arises - The Spider's Web: Britain's Second Empire 00:13
- [Reporter] A new Middle East crisis arises
Within hours of its expiration, - The Spider's Web: Britain's Second Empire 00:10
Within hours of its expiration,
- [Narrator] The United States was opposed to the invasion - The Spider's Web: Britain's Second Empire 00:09
- [Narrator] The United States was opposed to the invasion
- There will be no United States involvement - The Spider's Web: Britain's Second Empire 00:07
- There will be no United States involvement
It is our hope and intent this matter will be brought - The Spider's Web: Britain's Second Empire 00:08
It is our hope and intent this matter will be brought
There, the opinion of the world can be brought to bear - The Spider's Web: Britain's Second Empire 00:09
There, the opinion of the world can be brought to bear
(solemn music) - The Spider's Web: Britain's Second Empire 00:06
(solemn music)
The Suez crisis signified the end of Britain's role - The Spider's Web: Britain's Second Empire 00:08
The Suez crisis signified the end of Britain's role
- Following the crisis, there was a run - The Spider's Web: Britain's Second Empire 00:07
- Following the crisis, there was a run
Some people suspected the American government - The Spider's Web: Britain's Second Empire 00:09
Some people suspected the American government
- [Narrator] As financiers withdrew their money - The Spider's Web: Britain's Second Empire 00:07
- [Narrator] As financiers withdrew their money
To protect the value of the pound, - The Spider's Web: Britain's Second Empire 00:07
To protect the value of the pound,
- They were not able to invest abroad. - The Spider's Web: Britain's Second Empire 00:05
- They were not able to invest abroad.
And we don't know exactly the context, - The Spider's Web: Britain's Second Empire 00:16
And we don't know exactly the context,
It seems that they have reached an agreement, - The Spider's Web: Britain's Second Empire 00:28
It seems that they have reached an agreement,
- [Narrator] The banks began to create a market - The Spider's Web: Britain's Second Empire 00:08
- [Narrator] The banks began to create a market
To differentiate these Euromarket activities - The Spider's Web: Britain's Second Empire 00:10
To differentiate these Euromarket activities
The Bank of England, the UK regulator, declared - The Spider's Web: Britain's Second Empire 00:08
The Bank of England, the UK regulator, declared
They were elsewhere, and therefore it had no responsibility - The Spider's Web: Britain's Second Empire 00:07
They were elsewhere, and therefore it had no responsibility
- It's about providing a legal space - The Spider's Web: Britain's Second Empire 00:09
- It's about providing a legal space
And the importance of that is - The Spider's Web: Britain's Second Empire 00:09
And the importance of that is
So you're taking activity from the place - The Spider's Web: Britain's Second Empire 00:09
So you're taking activity from the place
- [Narrator] When American banks realized - The Spider's Web: Britain's Second Empire 00:11
- [Narrator] When American banks realized
Around the same time as American banks - The Spider's Web: Britain's Second Empire 00:18
Around the same time as American banks
- Back in the '60s, - The Spider's Web: Britain's Second Empire 00:06
- Back in the '60s,
The stories go that the mosquitoes were so thick - The Spider's Web: Britain's Second Empire 00:09
The stories go that the mosquitoes were so thick
- [Narrator] Accountants and lawyers from London arrived - The Spider's Web: Britain's Second Empire 00:13
- [Narrator] Accountants and lawyers from London arrived
Because these jurisdictions' main selling point was secrecy, - The Spider's Web: Britain's Second Empire 00:09
Because these jurisdictions' main selling point was sec...
- What the Cayman Islands was doing - The Spider's Web: Britain's Second Empire 00:06
- What the Cayman Islands was doing
Drug money was coming in, in huge quantities, tax evasion. - The Spider's Web: Britain's Second Empire 00:06
Drug money was coming in, in huge quantities, tax evasion.
Whatever you wanted, you could have it. - The Spider's Web: Britain's Second Empire 00:05
Whatever you wanted, you could have it.
- [Narrator] The Bank of England was observing - The Spider's Web: Britain's Second Empire 00:25
- [Narrator] The Bank of England was observing
"There is of course no objection - The Spider's Web: Britain's Second Empire 00:16
"There is of course no objection
- These small territories, - The Spider's Web: Britain's Second Empire 00:10
- These small territories,
Seven of them are bonafide a tax haven, - The Spider's Web: Britain's Second Empire 00:09
Seven of them are bonafide a tax haven,
Some of the biggest tax havens - The Spider's Web: Britain's Second Empire 00:06
Some of the biggest tax havens
- [Narrator] With access to large amounts of offshore money, - The Spider's Web: Britain's Second Empire 00:08
- [Narrator] With access to large amounts of offshore money,
By 1980, it had reached $500 billion. - The Spider's Web: Britain's Second Empire 00:05
By 1980, it had reached $500 billion.
And by 1997, nearly 90% of all international loans were made - The Spider's Web: Britain's Second Empire 00:09
And by 1997, nearly 90% of all international loans were made
The British Empire had sunk, leaving hardly a trace behind. - The Spider's Web: Britain's Second Empire 00:07
The British Empire had sunk, leaving hardly a trace behind.
But the City of London adapted and survived. - The Spider's Web: Britain's Second Empire 00:06
But the City of London adapted and survived.
The City of London, London's financial district, - The Spider's Web: Britain's Second Empire 00:07
The City of London, London's financial district,
It has been called a city within a city, - The Spider's Web: Britain's Second Empire 00:07
It has been called a city within a city,
It is run by an organization - The Spider's Web: Britain's Second Empire 00:14
It is run by an organization
- Those of you who aren't from the UK, - The Spider's Web: Britain's Second Empire 00:13
- Those of you who aren't from the UK,
The City of London is a separate entity to the wider London, - The Spider's Web: Britain's Second Empire 00:11
The City of London is a separate entity to the wider London,
- [Narrator] Every November, - The Spider's Web: Britain's Second Empire 00:09
- [Narrator] Every November,
- The city of London has long had this curious legal status, - The Spider's Web: Britain's Second Empire 00:20
- The city of London has long had this curious legal status,
- [Narrator] To this day, the City of London is exempt - The Spider's Web: Britain's Second Empire 00:09
- [Narrator] To this day, the City of London is exempt
Its political system derives from the Middle Ages. - The Spider's Web: Britain's Second Empire 00:05
Its political system derives from the Middle Ages.
The city's electorate is dominated not by its residents, - The Spider's Web: Britain's Second Empire 00:10
The city's electorate is dominated not by its residents...
Its lord mayor is selected by the heads of medieval guilds. - The Spider's Web: Britain's Second Empire 00:06
Its lord mayor is selected by the heads of medieval guilds.
- They have a representative in the House of Commons - The Spider's Web: Britain's Second Empire 00:07
- They have a representative in the House of Commons
Apart from the clerks of the House of Commons, - The Spider's Web: Britain's Second Empire 00:06
Apart from the clerks of the House of Commons,
- [Narrator] The City of London - The Spider's Web: Britain's Second Empire 00:14
- [Narrator] The City of London
- The Corporation of London, clearly, - The Spider's Web: Britain's Second Empire 00:16
- The Corporation of London, clearly,
But I don't know if anyone who has studied, - The Spider's Web: Britain's Second Empire 00:11
But I don't know if anyone who has studied,
Some people assume or surmise - The Spider's Web: Britain's Second Empire 00:09
Some people assume or surmise
It is able in one way or another to shape British policy, - The Spider's Web: Britain's Second Empire 00:09
It is able in one way or another to shape British policy,
- Clement Attlee, the prime minister - The Spider's Web: Britain's Second Empire 00:08
- Clement Attlee, the prime minister
"Over and over again, we have seen that there is, - The Spider's Web: Britain's Second Empire 00:09
"Over and over again, we have seen that there is,
"The City of London, a convenient term for a collection - The Spider's Web: Britain's Second Empire 00:10
"The City of London, a convenient term for a collection
"Those who control money can pursue a policy - The Spider's Web: Britain's Second Empire 00:10
"Those who control money can pursue a policy
- [Narrator] At the heart of the City of London - The Spider's Web: Britain's Second Empire 00:06
- [Narrator] At the heart of the City of London
It is also a financial regulator. - The Spider's Web: Britain's Second Empire 00:05
It is also a financial regulator.
At the demise of empire, - The Spider's Web: Britain's Second Empire 00:11
At the demise of empire,
In 1972, the Bank of England issued a license - The Spider's Web: Britain's Second Empire 00:12
In 1972, the Bank of England issued a license
Within 10 years, the BCCI grew - The Spider's Web: Britain's Second Empire 00:08
Within 10 years, the BCCI grew
10 years later, the BCCI was bankrupt. - The Spider's Web: Britain's Second Empire 00:05
10 years later, the BCCI was bankrupt.
- The Deputy Director of the CIA, Richard Kerr, - The Spider's Web: Britain's Second Empire 00:13
- The Deputy Director of the CIA, Richard Kerr,
- [Narrator] But BCCI had not just collaborated - The Spider's Web: Britain's Second Empire 00:14
- [Narrator] But BCCI had not just collaborated
- BCCI constituted international global crime - The Spider's Web: Britain's Second Empire 00:09
- BCCI constituted international global crime
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The Spider's Web: Britain's Second Empire poster
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How Britain transformed from an imperial power to a financial power.

User Rating: 0.0 (0 ratings)
Director: Michael Oswald
Writer: Michael Oswald
Production: N/A
Genre: documentary
Year: 2017
MetaScore: N/A/100
ImdbRating: 7.7
BoxOffice: N/A
Released: 12 Jun 2022
Awards: N/A
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