4 ms·

Our economies are much more interconnected than in the 1910's, and we have the bomb.

• kingkongrevenge 18y ago
  > Our economies are much more interconnected than in the 1910 I wouldn't overstate that point. Global trade was huge and economies were highly inter-dependent in 1910. Arguably more-so than for rest of the century up until the 1990s.
  • deleted 18y ago
    [deleted]
• yters 18y ago
  Why should interconnected economies matter anyways? In fact, that would increase the economic incentive for war: if your livelihood depend on people you don't control, you can get the goods much more efficiently and cheaply if you control them.
• jacobolus 18y ago
  Many (perhaps most) respectable economic historians would disagree with the first half of your statement. Between the later part of the 19th century and 1914, nearly every economically significant country was on the gold standard, and international investment, trade, and immigration were at enormous unprecedented levels. Industrialized countries in Europe were wholly dependent on foreign sources of raw materials (not to mention food), and countries worldwide specialized to a remarkable degree. There are many other factors making a world war now less likely than in 1914, though.