Pretty much this, the last two categories can be blurry but there is a sharp divide between them and the first category. The divide is one of motivation not outcome or skill, some City Grandees were obscenely wealthy and some of the scrabblers who prioritised only money ended up bankrupt, often because they had tried to ignore politics.It was also pretty vital to be one if you wanted to get onto the board of the bank of England. And most people did want to get on the board.
There's actually three different types of banker and man of finance at the time (mostly holding true to today): the become obscenely wealthy people, the city grandees who want honours and a ton of retirement boards and Quangos, and the City grandees, meaning City of London hierarchy, who want to get on the various Courts and become Lord Mayor.
But the resolutions are hard, unless you have the stomach for a lot of 'population transfers' and other unpleasantries, which the Soviets absolutely did.Hence the interest in a series of 'leaguless' post war treaties, I suppose. More stuff needs to get resolved now rather than later.
Indeed, it will not surprise you there is a chapter brewing on this very subject.Fascist thinking hasn't covered itself with honours so far TTL. Mussolini ruined Italy for a few decades. Germany has accomplished some internal short term progress and a lot of rearmenant but at the cost of midterm Catastrophe without a massive looting war or bakruptcy.
Outside looking in, the third way doesn't look quite so food for thought as OTL 1937/8.
This is entirely true, yet I still maintain Hungary ended up being the better wartime ally for Germany. Bulgaria never actually declared war on the Soviet Union, kept finding excuses not to co-operate with Germany and then ended up trying to quit the war early and declare neutrality. They made a very small contribution to garrisoning Yugoslavia and some of the bits of Greece they occupied, but that was about it. The only land battles Bulgaria fought in the war were after it had switched sides and was fighting against Germany, this is not a sign of a good ally.Problen with Hungary from the Nazi perspective is they want a bit too much land in areas we want, and their other claims are also complicated because there's some Germans there as well.
Compared to Bulgaria which wants majority Bulgar regions, Macedonia (which at the time can be argued to be majority Bulgar) and Istanbul. Even their maximalist claims for the Thracian coastline and an adriatic connection at the expense of southern Albania aren't difficult. And none of it is actually land we want or claim.
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