Who Benefited from the British Empire?
Gresham College Lectures
00:00
The Politics of Imperialism
London was a major investor in imperial, but not in domestic industry. American historians say the owners of overseas investment were predominantly from the south of England. The benefits went to the social group that Hobson was talking about: consumers England of the south. India suffered a drain of wealth that went to Britain, where it benefited southern English bankers, landowners, officials. It did not benefit northern industry and workers.
Play episode from 22:03
Transcript
