In order to do anything in life, you need currency.
To have currency, you need coins.
And every coin has 2 sides…
In a gross oversimplification, the Spanish, despite plundering the new world first, sent the majority of their wealth to the Catholic church. The British had no such obligations and managed to encompass the globe and all the riches therein. Where, then, is all that wealth? Has it all been liquidated post WWI and WWII?