Bankrupting the Enemy: The U.S. Financial Siege of Japan Before Pearl Harbor

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Was the bombing of Pearl Harbor an unprovoked attack on the United States? According to a new book by Edward S. Miller, the Japanese motivation stemmed from U.S. plans to defeat Japan economically in the years before World War II. Miller discussed his book, "Bankrupting the Enemy: The U.S. Financial Siege of Japan Before Pearl Harbor" in a program sponsored by the Humanities and Social Sciences Division. In his book published by the Naval Institute Press, Miller contends that the United States forced Japan into international bankruptcy to deter its aggression. The Japanese government had a huge cache of dollars fraudulently hidden in New York. In July 1941, President Roosevelt froze the money to "bring Japan to its senses, not its knees," Miller asserts. Roosevelt's intentions were thwarted, however, by U.S. bureaucrats who were determined to deny Japan the dollars needed to buy oil and other resources for economic survival. Miller demonstrates that the deprivations facing the Japanese people as a result of the fund cutoff buttressed Japan's choice of war at Pearl Harbor.

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Library of Congress

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English

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United States

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