-London ranks #1 as an international financial center and has held that title for the past 6 years, despite being a rather small country. -City of London contains 38% of all global foreign exchange turnover, meaning tons of goods and services make their way through London. -UK holds 14.6% of global international bank lending and hosts 307 billion in output. -Lastly, the City hosts over 160 foreign bank branches, all in the Square Mile.

Continuing on in modern history: -During the 18th to 20th centuries, the City’s power expands. In the 1950’s, sterling loses its reserve currency status, the creating the Eurodollar. This allows it to remain an international financial hub by relying on the US economy. -During the 20th and 21st centuries, there were attempts to reform the City of London, however many realized this would cause a collapse in the tax base and destroy government finances, so no steps were taken. Some facts: -Businesses are allocated votes, as well of the residents of the city. The larger the corporation, the more votes…

Here is a quick overview of the points he covered in the video: -City of London (AKA the square mile) is a distinct 1.12 sq. mile autonomous zone that is the historic financial heart of Britain and a dominant world financial center. -It has a population of 9000 residents, but has a workforce of 676,000 workers daily, that generates 109 billion dollars annually despite its small size. -Its origins can be traced back to Rome, originally being called the Port of Londinium and quickly became a commmercial hub of the empire. -Throughout the 9th-11th centuries, it gains collective urban rights…