Recently, I have been reading heavily on Word War II History materials. Well, at first, I was trying to reread "Hirohito:The making of modern Japan" but I found another good book which is "Bankrupting the Enemy" that is written by Edward Miller off Amazon.com .
Anyways, after reading this book about the financial wars between the USA and the Japanese Government. I have discovered a number of details that I have never thought about the in these two great participant in the second World War. For example, there was this act in the US after World War I that was created to restrict the US from the directly involving herself in a foreign war. The rationale for the creation of this act is to prevent the US from getting herself in war because some of her greatest financiers like Jp Morgan etc. had provided vital loans to the warring nations and the financiers begged for the US government's involvement in the war because their financial interests was in stake. This little example makes me think about the many financial interests that the US government takes into account before they involve themselves in a war which seems to disregard their position as the "Good Guy" in a war.
In addition, the book gives a good picture on the economical analysis of Japan by the US government. The economical analysis was carried the calculate the the economy of Japan at the time and the impact of the potential financial embargo of the US on Japan which aims to bring "Japan on its knees" for her aggression on China. I find it fascinating for the research of the US government because it was able to try to learn about their enemy before they go straight into a financial war that may eventually lead to war with Japan. I wonder if the Chinese government of today may have the same profiles of the many countries of the world. The Chinese government seems to resemble the US on the early 20th century because they were both the largest market of the world of their time. It is definitely not be a good to be the bad side of China today because a potential embargo by China on a country that is heavily dependent on its export to China will definitely "bring the country to its knees".
Anyways, I am looking forward to re-reading this book because it seems to provide a good insight on how governments used their financial weapons in a war against their enemy.
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