Britain's Second Empire, often referred to as the "Global Financial Web," was a system of financial dominance that emerged after World War II. It involved the establishment of the British pound as a reserve currency, the creation of a network of offshore financial centers, and the dominance of British banks in global trade and investment. This system allowed Britain to maintain its economic influence despite the loss of its formal empire. However, it also contributed to financial instability and inequality, leading to criticisms of its exploitative nature and calls for a more equitable global financial system.
