Meaning: The quote you've provided is from Carroll Quigley, a renowned historian and author, and it offers a thought-provoking insight into the establishment and influence of a power structure between London and New York that has permeated various aspects of society.

Carroll Quigley was a professor of history at Georgetown University and a highly respected authority on the evolution of civilizations, with a particular focus on the impact of secret societies and power structures on world events. The quote you've shared is from his book "Tragedy and Hope: A History of the World in Our Time," in which he delves into the intricate web of global power dynamics and their influence on historical events.

The quote begins with a reference to the basis of this power structure, which Quigley attributes to George Peabody, a prominent American banker and philanthropist of the 19th century. George Peabody's financial endeavors and connections are cited as the original foundation upon which the power structure between London and New York was built. This reference underscores the significance of financial interests in shaping and sustaining this influential network.

Quigley then proceeds to highlight the far-reaching impact of this power structure in the 20th century. He notes that it extended its influence into university life, the press, and the practice of foreign policy. This assertion implies that the interconnected web of influence wielded by this power structure has permeated key institutions and spheres of influence, thereby shaping not only the economic landscape but also the realms of education, media, and international relations.

The mention of its deep penetration into university life suggests that academic institutions have been subject to the influence of this power structure, potentially impacting research, curriculum development, and intellectual discourse. The inclusion of the press in Quigley's observation alludes to the sway this network holds over media outlets, raising questions about the potential for shaping public narratives and controlling the flow of information. Furthermore, the assertion regarding its impact on the practice of foreign policy suggests that the decisions and actions of governments may be influenced by the interests associated with this power structure, potentially shaping global events and geopolitical strategies.

Quigley's choice of words, such as "power structure" and "penetrated deeply," conveys the pervasive and entrenched nature of this network, suggesting that its influence is not superficial but rather ingrained within the fabric of society. The use of the term "power structure" implies a system of hierarchical authority and influence, indicating that this network operates with a degree of coordinated control and impact.

It is important to note that Quigley's perspective on the influence of this power structure is informed by his extensive research and historical analysis. His work delves into the complexities of global power dynamics, shedding light on the interconnected relationships between finance, politics, and societal institutions.

In conclusion, Carroll Quigley's quote provides a thought-provoking insight into the establishment and impact of a power structure between London and New York, emphasizing its origins in the financial realm and its subsequent influence across diverse spheres of society. Quigley's observations invite critical reflection on the nature of power, influence, and interconnected networks, prompting further examination of the historical and contemporary dynamics that shape our world.