A small elite controlled all European financial exchange networks

Evidence

In short, throughout Europe a small group of well-informed men, kept in touch by an active correspondence, controlled the entire network of exchanges in bills or specie, thus dominating the field of commercial speculation. So we should not be too taken in by the apparent spread of “finance.” — Cedric J. Robinson, Black Marxism_ The Making of the Black…, 200

Categorization

Category: Factual Claims

Broader Connections

• A tiny network of merchants controlled all European commercial speculation #corroborates (0.78)