History of the economic sanctions From the ancient times until the world war I

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History of the economic sanctions From the ancient times until the world war I

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Athenian economic sanctions (432 B.C.)

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The results of the Peloponnesian War

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The main cause for sanctions during the age of empires was the desire of governments to save money in its own treasuries

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But still economic sanctions were rare until the 20th century, the conflicts were usually solved by means of wars

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The Continental System (Blockade) of Napoleon Bonaparte

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Conclusions Trade sanctions were imposed very often by different countries (Great Britain particularly) for affecting other governments. In 1888 the population of Britain accounted for only 2% of the world population, but share of this country in the overall world trade of manufactured goods was about 54% (absolute record in history). American analyst John Smith said that one of the reasons of the World War I and the World War II was wide usage of the trade sanctions For example, Britain and France entered the war against Germany in 1914, explaining it as a “necessity to protect the national trade interests against the German expansion”