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Economic History of Great Britain |
 | | Britain, in as sense, continued to adhere to the Cobdenite notion that informal colonialism was preferable — the established consensus among industrial capitalists during the age of Pax Britannica between the downfall of Napoleon and the Franco-Prussian War. |
 | | Britain, the forerunner of Europe's capitalist powers, however, was clearly the chief world investor, though the direction of its investments underwent a striking change, becoming oriented less toward Europe, the United States, and India, and more toward the rest of the Commonwealth and Latin America. |
 | | Britain was even growing incapable of dominating the markets of India — a crown colony by 1858 that Disraeli would later deem "the brightest jewel of the crown" —, Manchu China, the coasts of Africa, and Latin America. |
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