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Usually, commerce raiding is chosen by the weaker naval power who has little chance to succeed against the naval forces of its opponent.
During Britain's wars against revolutionary and Napoleonic France, the Royal Navy dominated the seas. France adopted a guerre de course strategy by licensing civilian privateers to seize British shipping.
During World War I and II, the First and Second Battle of the Atlantic saw Germany conducting a guerre de course against Britain and its allies mainly using submarines. However, Germany also used merchant raiders and warships to attack allied shipping — the geographical enclosed position of Germany and the strength of the Royal Navy, later aided by the United States Navy meant that it was difficult to deploy warships.
During World War II, the United States Navy used its submarines against Japanese shipping. The bulk of the Japanese merchant marine was sunk by American submarines. By the end of the war, Japan only had 12% of the tonnage of her pre-war shipping afloat.