Finance Quotes
William Gibbs McAdoo was a contender for the presidential nomination. As an attorney he was urged not to represent any rich or large corporate clients lest his image be tarnished. He asked if he had to remain poor all his life:
There were little controls over usury in his time in India. Villagers often paid 500% or more to borrow money in a necessity like needing critical health care.
In Rhodes’ era money not only bought and influenced politicians but it enabled rich people and their companies to have their own armies and follow their own foreign policy. The British government has a long history of finding a proper balance of control over British wealthy men and her companies doing everything from enforcing the law to invading other countries. Without the companies, the management of the huge empire would have been too expensive and with them, the citizens and the government lost control of foreign policy. In the end, the latter was unacceptable and the British Empire was just too Expensive to maintain where so any nations wanted independence.
