Jiang connects the creation of the Federal Reserve with America entering World War I, the 1929 crash, the Great Depression, and World War II.
Topic brief
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World War I
Jiang compares the Bronze Age collapse to World War I and the present: heavily globalized systems can believe trade prevents war just before slaughter or collapse arrives.
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Key Notes
Jiang compares the Bronze Age collapse to World War I and the present: heavily globalized systems can believe trade prevents war just before slaughter or collapse arrives.
Nicholas II's personal decency is irrelevant to statecraft; Jiang presents him as unequipped for a time of war, famine, discontent, Rasputin scandal, and revolution.
Lenin is described as a useful idiot first for the Russian secret police and then for Germany, whose wartime interest was to knock Russia out of World War I.
British foreign policy seeks balance of power in Europe, so the German Empire proclaimed in 1871 becomes a threat Britain must challenge.
Nationalism makes multi-ethnic empires such as the Ottoman and Austro-Hungarian empires untenable, leading Balkan and Slavic national struggles into the chain that starts World War I.
After World War I, extreme nationalism rises as fascism, which Jiang defines as an extreme version of nationalism.
The later Nazi impulse to suppress divisions is framed as a reflection on Germany's World War I defeat and internal pluralism.
Timestamped Evidence
"...three things happen, right? The first is that America enters World War I. Then you have the 1929 stock market collapse followed by the..."
"...seen this before. So, this is the world right before World War I. As you can see, it was heavily, heavily globalized. Okay? And..."
"But he's not real. He's not really equipped to lead Russia in a time of tremendous political and social tumult. In 1904, the Russians..."
"...damage to the reputation and prestige of the royal family. World War I breaks out, and even though Rasputin pleaded with the Tsar not..."
"And so now, the parliament, called the Duma, becomes the provisional government. And they clear a republic, all right? But they're still at war..."
"...keep this in mind. All right. Now, we go into World War I and World War II. In 1871, the German Empire is proclaimed...."
"If one power arises, we must fight it. Okay? So, when Napoleon arose, Britain spent infinite amount of money and resources to feed Napoleon,..."
"...Russia for aid. Okay? And, as you know, what starts World War I is the assassination of the heir to the Austria -Hungary Empire..."
"...brings in Britain and Germany as well. And this creates World War I. And World War I and World War II are the deadliest..."
"...by one. This is important because at the end of World War I, when Germany has surrendered, they will reflect on why they lost."
"...Hitler and the Nazis. So this is important to understand. World War I, again, if Germany is too powerful, Britain is forced into action...."
"It was really Germany versus the world. And what's amazing is Germany was able to create a stalemate. Actually, sometimes when Germany was about..."
Relevant Lectures And Readings
Bronze begins as a weapon, becomes status, hardens into currency, and then teaches the world the dangerous rhythm of capital: rapid growth, total interconnection, elite consolidation, and sudden collapse.
Gunpowder is not powerful because it makes a louder weapon.
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