Yeah I know remnants still exists, France still indirectly controls a lot of african nations' currency etc but why did they have to relinquish direct control?

  • Slowpoke [none/use name]
    ·
    3 years ago

    Because the empires cost more to maintain than they made in profit.

    It was fine when they had plenty of other money, the country lost but individual capitalists and especially banks won. That was good enough. But they spent all their money on war, and the cupboard was bare. Something had to go.