Administration of the Trading with the Enemy Act
Administration of the Trading with the Enemy Act

Author: United States. Congress. Senate. Committee on the Judiciary. Subcommittee to Investigate the Administration of the Internal Security Act and Other Internal Security Laws

Publisher:

Published: 1953

Total Pages: 904

ISBN-13:

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Considers the administration of German and Japanese assets seized by Govt during WWII and the efficiency of procedures established to adjudicate claims under the Trading With the Enemy Act.

Trading with the Enemy Act
Trading with the Enemy Act

Author: United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Trading with the Enemy Act

Publisher:

Published: 1959

Total Pages: 528

ISBN-13:

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Considers S. 531 and similar bills, to amend the Trading with the Enemy Act and the War Claims Act to permit the return of property to certain individuals who have become US citizens since vesting of their property by the Alien Property Custodian, and to provide for payment of certain American war damage claims. Includes "Brief Against Confiscation," David Ginsburg, July 9, 1959 (p. 273-339).

Bankrupting the Enemy
Bankrupting the Enemy

Author: Edward S Miller

Publisher: Naval Institute Press

Published: 2007-09-10

Total Pages: 363

ISBN-13: 161251118X

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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.