45 Winston Churchill understood that sea lanes and insurance markets are two sides of the same coin. In the easy years of Pax Americana, the City of London prospered by assuming that US sea power was a permanent, neutral backdrop, free to price maritime risk while the US Navy guaranteed open arteries. (twitter.com) 🐸 WAG THE FROG 🐸 posted 56 days ago by catsfive 56 days ago by catsfive +45 / -0 5 comments share 5 comments share save hide report block hide replies
If the Dardanelles hadn't ruined his reputation Churchill would be remembered as a formidable First Lord of the Admiralty who knew only too well the world domination of sea power.