Within capitalism is the combination of product, which represented the industries ability to process raw materials from beginning to finished product or make a by-product. Combination of product was essential in free trade for it leveled out fluctuations ensuring a stable profit, eliminated trade and strengthened combine enterprises in time of depression. Financial capitalism and banking, Lenin says, were also a part of capitalism. This follows what Cain and Hopkins said and Lenin saw banks as playing a role in expansion. Banks and financial capital operated on money from the people, industrialists, and capitalists.
Money is capital yielding a profit for banks.
Banks became a monopoly, a very powerful one, at that because so much available money did not always depend on the rise and fall of foreign markets. Bank monopolies eliminated the Stock Exchange by making it useless because banks had become so big that they could encapsulate the means by which the exchange operated and do the same thing. Industry became dependent on banking, which eventually led to a merge of both through acquisition of shares, bank director s appointments, etc. Banking became industrial capitalism through control of capital and the capital it invested in industry. The use of financial capital through banking spread to nations all over the world.