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Some people suspected the American government
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The Spider's Web: Britain's Second Empire

Some people suspectedthe American government was encouraging this run on the UK pound

Some people suspected
the American government was encouraging this run on the UK pound

Full Transcript

00:00:01.000 --> 00:00:04.036
Some people suspected the American government
00:00:04.036 --> 00:00:07.777
was encouraging this run on the UK pound.
Duration
9 seconds
Views
16
Timestamp in Movie
00:04:31
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.
- [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.