Part 4/10:
During World War I, the British financial elite, particularly within the City of London, exerted profound influence over U.S. financial systems. With Germany emerging as a formidable economic competitor post-unification around 1870, British leaders sought mechanisms to neutralize potential threats. The establishment of the Federal Reserve was part of a broader financial maneuver to effectively siphon capital from hardworking American citizens to sustain the war effort.