furthermore the canadian bankers' were working in that intercolonial to do the work of the british colony's in those caribbean territories and to strengthen to establish canadian capital in the region. at the same time the canadian bakes with that national banking legislation prohibits the expansion of branch banking so we will go to cuba or jamaica. calling his surrogates of u.s. capital the world baying of canada. >> host: office on what wall street but also serving wall street interest to some degree in the region. but at one point chicago business interest has the huge chunk from the royal danish of canada even now with these banks in the region. >> professor of african-american studies at ucla author of bakers and empire. booktv on c-span2. cook . >>

furthermore, the canadian bankers were working in intercolonial mode which is the sense that they weregoing to do the work in the british colonies that england itself wasn't going to do, the caribbean territories were sceded to canadians, at the same time, the canadian banks recognizing that there was -- they said it was an advantage for us, we will go into cuba, we will go into jamaica and receiver as surrogates of u.s. capital. in cases like the world bank of canada, they actually set up an office on wall street, you know, so they could be in that mix, but then served wall street interest to some degree in the region and at one point, i can't remember the exact date, at one point chicago business interest and capital purchased a huge chunk of the world bank of canada to -- to use them. i think it was a mutual use but to use them for capital expansion. this is why you'll see the presence of banks there, long historical legacy of canadian banks in the region. >> peter james hudson, professor of african-american studies in ucla and author of this book, bankers and empire, how wall stree