--- title: "Meaning & Key Takeaway of: On this basis, which was originally…" description: "\"On this basis, which was originally financial and goes back to George Peabody, there grew up in the twentieth century a power structure between London ..." image: "https://sms4smile.com/quotes/i/74d/carroll-quigley-9881_bases_on-this-basis-which-was-originally-finan_813093.jpg" --- # On this basis, which was originally financial and goes… ![“On this basis, which was originally financial and goes back to George Peabody, there grew up in the twentieth century a power structure between London and New York which penetrated deeply into university life, the press, and the practice of foreign policy.” quote by Carroll Quigley](https://sms4smile.com/quotes/i/74d/carroll-quigley-9881_bases_on-this-basis-which-was-originally-finan_813093.jpg) [Download](https://sms4smile.com/quotes/i/74d/carroll-quigley-9881_bases_on-this-basis-which-was-originally-finan_813093.jpg) [Open image](https://sms4smile.com/quotes/i/74d/carroll-quigley-9881_bases_on-this-basis-which-was-originally-finan_813093.jpg) > “On this basis, which was originally financial and goes back to George Peabody, there grew up in the twentieth century a power structure between London and New York which penetrated deeply into university life, the press, and the practice of foreign policy.” [Carroll Quigley](https://sms4smile.com/quotes/author/carroll-quigley/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Describes the emergence of a transatlantic financial power network influencing academia, media, and foreign policy. **In simple terms:** A global financial elite shaped institutions and policy. Key Takeaway Recognize the influence of financial networks on public life. Themes power media policy education Mood analytical critical Type historical political When to use this quote - university governance - press independence - foreign policy formulation Key Concepts Elite influence global finance Questions to Reflect On - How does financial power affect democratic processes? - What safeguards exist against undue influence? A Different Perspective The narrative may overstate cohesion and intent of these networks. ★ ★ ★ ★ ★ No ratings yet [Foreign policy](https://sms4smile.com/quotes/about/foreign-policy/) [Life](https://sms4smile.com/quotes/about/life/) [London](https://sms4smile.com/quotes/about/london/) [New york](https://sms4smile.com/quotes/about/new-york/) [Practice](https://sms4smile.com/quotes/about/practice/) [Structure](https://sms4smile.com/quotes/about/structure/) [Twentieth century](https://sms4smile.com/quotes/about/twentieth-century/) [University](https://sms4smile.com/quotes/about/university/) ## Related quotes > [It is this power structure which the Radical Right in the United States has been attacking for years in the belief that they are…](https://sms4smile.com/quotes/carroll-quigley/it-is-this-power-structure-which-the-radical-right-in-the-united/) [Carroll Quigley](https://sms4smile.com/quotes/author/carroll-quigley/) > [I think popular music in this country is one of the few things in the twentieth century that have made giant strides in reverse.](https://sms4smile.com/quotes/bing-crosby/i-think-popular-music-in-this-country-is-one-of-the-few-things-in-the/) [Bing Crosby](https://sms4smile.com/quotes/author/bing-crosby/) > [Doubt, it seems to me, is the central condition of a human being in the twentieth century.](https://sms4smile.com/quotes/salman-rushdie/doubt-it-seems-to-me-is-the-central-condition-of-a-human-being-in-the/) [Salman Rushdie](https://sms4smile.com/quotes/author/salman-rushdie/) > [I think psychology and self-reflection is one of the major catastrophes of the twentieth century.](https://sms4smile.com/quotes/werner-herzog/i-think-psychology-and-self-reflection-is-one-of-the-major/) [Werner Herzog](https://sms4smile.com/quotes/author/werner-herzog/) > [One day men will look back and say I gave birth to the twentieth century.](https://sms4smile.com/quotes/jack-the-ripper/one-day-men-will-look-back-and-say-i-gave-birth-to-the-twentieth/) Jack the Ripper > [For much of the twentieth century, 1984 was a year that belonged to the future - a strange, gray future at that. 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