Author: Edward Miller Publisher: Naval Institute Press ISBN: 161251118X Category : History Languages : en Pages : 356
Book Description
Award-winning author Edward S. Miller contends in this new work that the United States forced Japan into international bankruptcy to deter its aggression. While researching newly declassified records of the Treasury and Federal Reserve, Miller, a retired chief financial executive of a Fortune 500 resources corporation, uncovered just how much money mattered. Washington experts confidently predicted that the war in China would bankrupt Japan, not knowing that the Japanese government had a huge cache of dollars fraudulently hidden in New York. Once discovered, Japan scrambled to extract the money. But, Miller explains, in July 1941 President Roosevelt invoked a long-forgotten clause of the Trading with the Enemy Act of 1917 to freeze Japan s dollars and forbade it to sell its hoard of gold to the U.S. Treasury, the only open gold market after 1939. Roosevelt s temporary gambit to bring Japan to its senses, not its knees, was thwarted, however, by opportunistic bureaucrats. Dean Acheson, his handpicked administrator, slyly maneuvered to deny Japan the dollars needed to buy oil and other resources for war and for economic survival. Miller's lucid writing and thorough understanding of the complexities of international finance enable readers unfamiliar with financial concepts and terminology to grasp his explanation of the impact of U.S. economic policies on Japan. His review of thirty-seven studies of Japan's resource deficiencies begs the question of why no U.S. agency calculated the impact of the freeze on Japan's overall economy. His analysis of a massive OSS-State Department study of prewar Japan clearly demonstrates that the deprivations facing the Japanese people were the country to remain in financial limbo buttressed its choice of war at Pearl Harbor. Such a well-documented study is certain to be recognized for its significant contributions to the historiography of the origins of the Pacific War.
Author: Thomas M. Truxes Publisher: Yale University Press ISBN: 0300150431 Category : History Languages : en Pages : 305
Book Description
This enthralling book is the first to uncover the story of New York City merchants who engaged in forbidden trade with the enemy before and during the Seven Years’ War (also known as the French and Indian War). Ignoring British prohibitions designed to end North America’s wartime trade with the French, New York’s merchant elite conducted a thriving business in the French West Indies, insisting that their behavior was protected by long practice and British commercial law. But the government in London viewed it as treachery, and its subsequent efforts to discipline North American commerce inflamed the colonists.Through fast-moving events and unforgettable characters, historian Thomas M. Truxes brings eighteenth-century New York and the Atlantic world to life. There are spies, street riots, exotic settings, informers, courtroom dramas, interdictions on the high seas, ruthless businessmen, political intrigues, and more. The author traces each phase of the city’s trade with the enemy and details the frustrations that affected both British officials and independent-minded New Yorkers. The first book to focus on New York City during the Seven Years’ War, Defying Empire reveals the important role the city played in hastening the colonies’ march toward revolution.
Author: John Shovlin Publisher: Yale University Press ISBN: 0300258836 Category : History Languages : en Pages : 423
Book Description
A ground-breaking account of British and French efforts to channel their eighteenth-century geopolitical rivalry into peaceful commercial competition Britain and France waged war eight times in the century following the Glorious Revolution, a mutual antagonism long regarded as a “Second Hundred Years’ War.” Yet officials on both sides also initiated ententes, free trade schemes, and colonial bargains intended to avert future conflict. What drove this quest for a more peaceful order? In this highly original account, John Shovlin reveals the extent to which Britain and France sought to divert their rivalry away from war and into commercial competition. The two powers worked to end future conflict over trade in Spanish America, the Caribbean, and India, and imagined forms of empire-building that would be more collaborative than competitive. They negotiated to cut cross-channel tariffs, recognizing that free trade could foster national power while muting enmity. This account shows that eighteenth-century capitalism drove not only repeated wars and overseas imperialism but spurred political leaders to strive for global stability.
Author: Philip Leigh Publisher: ISBN: 9781594163876 Category : Business & Economics Languages : en Pages : 200
Book Description
The Impact of Illicit Trade Between the North and South During the Civil War While Confederate blockade runners famously carried the seaborne trade for the South during the American Civil War, the amount of Southern cotton exported to Europe was only half of that shipped illicitly to the North. Most went to New England textile mills where business "was better than ever," according to textile mogul Amos Lawrence. Rhode Island senator William Sprague, a mill owner and son-in-law to Treasury Secretary Salmon P. Chase, was a member of a partnership supplying weapons to the Confederacy in exchange for cotton. The trade in contraband was not confined to New England. Union General William T. Sherman claimed Confederates were supplied with weapons from Cincinnati, while General Ulysses S. Grant captured Rebel cavalry armed with carbines purchased in Union-occupied Memphis. During the last months of the war, supplies entering the Union-controlled port of Norfolk, Virginia, were one of the principal factors enabling Robert E. Lee's Confederate army to avoid starvation. Indeed, many of the supplies that passed through the Union blockade into the Confederacy originated in Northern states, instead of Europe as is commonly supposed. Merchants were not the only ones who profited; Union officers General Benjamin Butler and Admiral David Dixon Porter benefited from this black market. President Lincoln admitted that numerous military leaders and public officials were involved, but refused to stop the trade. In Trading with the Enemy: The Covert Economy During the American Civil War, New York Times Disunion contributor Philip Leigh recounts the little-known story of clandestine commerce between the North and South. Cotton was so important to the Northern economy that Yankees began growing it on the captured Sea Islands of South Carolina. Soon the neutral port of Matamoras, Mexico, became a major trading center, where nearly all the munitions shipped to the port--much of it from Northern armories--went to the Confederacy. After the fall of New Orleans and Vicksburg, a frenzy of contraband-for-cotton swept across the vast trans-Mississippi Confederacy, with Northerners sometimes buying the cotton directly from the Confederate government. A fascinating study, Trading with the Enemy adds another layer to our understanding of the Civil War.
Author: Marver H. Bernstein Publisher: Princeton University Press ISBN: 1400878780 Category : Business & Economics Languages : en Pages : 319
Book Description
A critical examination of the role of the independent regulatory commissions, attempting to develop a more realistic concept of the process of governmental regulation and to appraise the independent commission as an agent of governmental regulation at the national level. Originally published in 1955. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
Author: James V. Weston Publisher: Nova Publishers ISBN: 9781594542206 Category : Business & Economics Languages : en Pages : 160
Book Description
The book provides the statutory authority for export controls on sensitive dual-use goods and technologies, items that have both civilian and military applications, including those items that can contribute to the proliferation of nuclear, biological and chemical weaponry. This new book examines the evolution, provisions, debate, controversy, prospects and reauthorisation of the EAA.
Author: Edward Miller
Author: Thomas M. Truxes
Author: Charles Higham
Author: United States. Department of Justice. Office of Alien Property
Author: Sebastian Edwards
Author: John Shovlin
Author: Emer de Vattel
Author: Philip Leigh
Author: Marver H. Bernstein
Author: James V. Weston