Questions and Answers
What role did bankers, lawyers, and accountants from the City of London play at the twilight of the British Empire?
They set up offshore secrecy jurisdictions to capture wealth from across the globe and funnel it to London.
What contributed to Britain's transformation from a colonial power to a modern financial power?
The decline of the British Empire and the search for a new role in finance.
What was the significance of the City of London during the days of the British Empire?
It served as the world's biggest global financial center.
What event marked the decline of the City of London as the world's biggest global financial center?
Signup and view all the answers
What did British elites find as a new role in a changing world as their wealth privileges and Empire disintegrated?
Signup and view all the answers
What event signified the end of Britain's role as one of the world's major powers?
Signup and view all the answers
What was the significance of the 'London eurodollar market'?
Signup and view all the answers
Why did American banks move their international operations to London?
Signup and view all the answers
What was the impact of the Suez Crisis on the value of the pound?
Signup and view all the answers
What was the purpose of creating financial spaces in Britain's overseas jurisdictions?
Signup and view all the answers
