Economic Barriers During World War 1

On the day June 28, 1914, a man named Archduke Ferdinand was assassinated. However, this wasn't just an assassination, this was the spark of a war that changed the world. World War one was made up from countries allied together in hopes of achieving their demands. Britain, France, Russia, Italy, and the United States all came together to fight against Germany, Austria-Hungary, the Ottoman Empire, and Bulgaria. What was once separate countries at peace, became something so much more than that. These allied powers stopped at nothing to get what they wanted. In 1917, Germany made the announcement about their plan for unregulated submarine warfare. This resulted in the United States immediate entry into World War one. The sinking of ships acted

Economic trade barriers are considered to be import policies that are represented as the importation for good such as, licenses, charges, custom practices, and many other various types of certification. During World War 1, trade barriers were very common and often known as tariffs. However, due to the territorial negations regarding the seas, trade was much harder to accomplish successfully, leading to the excessive amount of trade barriers. Also, due to the extensive amount of tariff tax rates, the government during World War 1 saw an increase revenue for goods that were being imported. The government saw this as a good thing because the higher prices for goods would have an overall decreasing effect on the peoples wants for these goods. However, these economic trade barriers may have saved money, but many other country’s markets became threatened by the large amounts of foregone companies as did their employment rates. These trade restrictions brought negative effects for smaller businesses, leading to unemployment for many people. By allowing freedom of the seas, it help lead the the removal of economic trade barriers. As much as possible, the removal of all economic barriers was to establish an equality of trade conditions between countries and nations. The new trade conditions were to be more peaceful, more accommodating, and easier to manage.

A few of his other points from his fourteen point peace plan included the adjustment of colonial claims, limitations on Turkey, establishment of an independent Poland, and the association of nations were all good ideas for establishing peace of the post war. The adjustment of colonial claims was to ensure a free, open-minded, and absolutely impartial adjustment of all colonial claims, based upon a strict observance of the principle that in determining all such questions of sovereignty the interests of the populations concerned must have equal weight with the equitable claims of the government whose title is to be determined. The limitations of Turkey was to retain a geographic limitation to its ratification of the 1951 U.S convention on the Status of Refugees. This meant that only the people who were fleeing had a consequence and could be given refuge status. The establishment of an independent Poland allowed for Poland to be its own counter after being destroyed by the Soviet Union and Nazi Germany after being invaded. Willson’s last point was the most important, know as the association of nations, was the league of nations. His fourteenth point was to form a specific covenant for the purpose of affording mutual guarantees for political independence and also creating the need for territorial integrity. Willson wanted this because he knew that territory was a common peace demand between many of the nations