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Not only Britain's colonies
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The Spider's Web: Britain's Second Empire

Not only Britain's colonies but also independent countriesdid their banking in London and...

Not only Britain's colonies but also independent countries
did their banking in London and used the Empire's currency
for trade and financing

Full Transcript

00:00:01.000 --> 00:00:03.024
Not only Britain's colonies
00:00:03.024 --> 00:00:06.851
but also independent countries did their banking in London
00:00:06.851 --> 00:00:11.001
and used the Empire's currency for trade and financing.
Duration
12 seconds
Views
16
Timestamp in Movie
00:30:38
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.
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
- For a long time, a lot of developing countries, - The Spider's Web: Britain's Second Empire 00:13
- For a long time, a lot of developing countries,