December 17: ON THIS DAY in 1950, U.S. cuts off all trade with China
ON THIS DAY IN 1950, the Eagle reported, “Washington, Dec. 16 (U.P.) – The government cut off all U.S. trade with Communist China and North Korea tonight and also blocked their financial assets in this country. The economic sanctions will remain in effect so long as Red China continues its intervention in the Korean War, a State Department announcement said. The orders prohibit any American ship or aircraft from entering any port or city under Chinese Communist rule. The blocking decree puts assets of Red China and North Korea under rigid control of the U.S. Treasury. United States trade with Communist China probably would add up to millions of dollars. The precise figures were not revealed in the official announcements. There also was no estimate of the Communist financial accounts here although the North Korean accounts were said to be ‘negligible.’ In addition to the outright trade ban, a Commerce Department order forbids American ships and planes from carrying any cargo anywhere in the world if there is reason to believe it is destined ‘directly or indirectly’ for Red China.”
***
ON THIS DAY IN 1842, the Brooklyn Daily Eagle reported, “Wm. Wallace, Esq., the Kentucky poet, will address the Parent Temperance Society of this city on Monday evening.” Wallace is best known for his 1865 poem “The Hand That Rocks the Cradle Is the Hand That Rules the World,” a celebration of motherhood.