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Latest / The History of Belgium: A Small Country with a Giant Colonial Legacy — Fexingo History

Belgium's Colonial Bank: The Société Générale Legacy

While previous episodes explored the violence of rubber extraction and the political turmoil of independence, this episode examines the financial architecture that made the Belgian Congo profitable for generations. We trace how the Société Générale de Belgique transformed from a mere investor into the de facto government of the colony, controlling everything from currency to rail networks. Lucas and Luna discuss the specific mechanisms of colonial finance, including the forced savings schemes imposed on Congolese workers and the complex web of debt that bound Antwerp’s elite to Léopoldville’s…

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