* Economic power: The British Empire controlled a vast network of colonies and dependencies that provided it with a steady supply of raw materials and a market for its finished goods. This gave Britain a significant economic advantage over its rivals.
* Political power: The British Empire was a major global power, and its colonies and dependencies gave it a significant voice in international affairs. This allowed Britain to exert its influence on the world stage and to protect its interests.
* Cultural influence: The British Empire spread British culture and values around the world. This had a profound impact on the development of many countries, and it helped to create a global Anglophone culture.
* National pride: The British Empire was a source of great pride for the British people. It was seen as a symbol of Britain’s strength and prestige, and it helped to foster a sense of national identity.
In short, the ownership of the world’s largest overseas holdings was important for Britain because it gave the country economic power, political power, cultural influence, and national pride.