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[Narrator] At the time of the British Empire
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The Spider's Web: Britain's Second Empire

At the timeof the British Empire, the City of London was the world's largest global...

[Narrator] At the time
of the British Empire, the City of London was the world's largest global financial center

Full Transcript

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- [Narrator] At the time of the British Empire,
00:00:03.042 --> 00:00:05.022
the City of London was the world's largest
00:00:05.022 --> 00:00:07.022
global financial center.
Duration
8 seconds
Views
18
Timestamp in Movie
00:30:31
Uploaded
Oct 30, 2025
Genres
documentary
Production
N/A

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Movie Summary

How Britain transformed from an imperial power to a financial power.
Not only Britain's colonies - The Spider's Web: Britain's Second Empire 00:12
Not only Britain's colonies
As the Empire declined, so too did the City of London. - The Spider's Web: Britain's Second Empire 00:06
As the Empire declined, so too did the City of London.
The establishment of the London Euromarket enabled - The Spider's Web: Britain's Second Empire 00:18
The establishment of the London Euromarket enabled
International banks from across the globe set up branches - The Spider's Web: Britain's Second Empire 00:12
International banks from across the globe set up branches
- This system has taken the place of the occupation, - The Spider's Web: Britain's Second Empire 00:10
- This system has taken the place of the occupation,
I don't know for England, but about the same time, - The Spider's Web: Britain's Second Empire 00:11
I don't know for England, but about the same time,
And when you look at the money flows - The Spider's Web: Britain's Second Empire 00:13
And when you look at the money flows
We are still plundering developing countries - The Spider's Web: Britain's Second Empire 00:08
We are still plundering developing countries
- [Narrator] Wealthy individuals, organized crime - The Spider's Web: Britain's Second Empire 00:12
- [Narrator] Wealthy individuals, organized crime
And as countries around the world began to deregulate - The Spider's Web: Britain's Second Empire 00:09
And as countries around the world began to deregulate
Today, as much as half - The Spider's Web: Britain's Second Empire 00:09
Today, as much as half
One of the losers is Africa, - The Spider's Web: Britain's Second Empire 00:10
One of the losers is Africa,
- I think it's no coincidence - The Spider's Web: Britain's Second Empire 00:12
- I think it's no coincidence
We tend to think of Africa as being a huge net debtor - The Spider's Web: Britain's Second Empire 00:15
We tend to think of Africa as being a huge net debtor
- [Narrator] The debt of Sub-Saharan African nations stood - The Spider's Web: Britain's Second Empire 00:07
- [Narrator] The debt of Sub-Saharan African nations stood
Yet the wealth these countries' elites had moved offshore - The Spider's Web: Britain's Second Empire 00:15
Yet the wealth these countries' elites had moved offsho...
Far from being a net debtor, Africa, Sub-Saharan Africa, - The Spider's Web: Britain's Second Empire 00:10
Far from being a net debtor, Africa, Sub-Saharan Africa,
- [Narrator] As capital moved offshore, - The Spider's Web: Britain's Second Empire 00:10
- [Narrator] As capital moved offshore,
Over time, these debts became so great - The Spider's Web: Britain's Second Empire 00:08
Over time, these debts became so great
Secrecy jurisdictions were starving developing nations - The Spider's Web: Britain's Second Empire 00:08
Secrecy jurisdictions were starving developing nations