Quote of the Day: The Rise and Fall of the Great Powers

"Britain functioned as the banker and loan-raiser on the world's credit markets, not only for itself but also by guaranteeing the monies borrowed by Russia, Italy, and even France-since none of the Allies could provide from their own gold or foreign-investment holdings anywhere near the sums required to pay the vast surge of imported munitions and raw materials from overseas."

~Paul Kennedy in The Rise and Fall of the Great Powers