ChinaTalk Economic Warfare: A History
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Mar 3, 2023 Nick Mulder, a Cornell history professor and author of "The Economic Weapon," dives into the history of economic sanctions as a tool of war. He explores how countries like Britain approached sanctions during the Crimean War and discusses the reluctance of Europeans to use blockades in the early 20th century. Mulder also highlights Wilson's moral sanctions post-World War I and examines the League of Nations' failed attempts at positive sanctions. Stay tuned for insights on how this history connects to US-China relations!
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Discovering Global Trade
- During WWI, British blockade efforts revealed the complex, globalized nature of trade.
- Officials had to learn about pre-war global trade networks in real-time.
Manganese Supply Chain
- Manganese, a crucial alloying element for steel production, had a complex global supply chain before WWI.
- Blockade officials targeted manganese to weaken German military equipment.
Sanctions Backfire
- Sanctions can backfire, prompting targeted nations towards self-sufficiency and nationalism.
- Norman Angell warned of this potential consequence in 1915.
