Wwii War
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Wwii War
How The Tsunami In Japan And WWII Affected Currency Markets And Global Business Part 1
Over the past few weeks a lot of the worlds focus has been on the cataclysmic earthquake, tsunami and subsequent radioactive fallout in Japan and the tragic unrest in the Middle East and North Africa. While both here at home and abroad, economists are struggling to predict the tumultuous effects on economies and the future track of business, currencies and investments. Even though it's not an exact comparison there are many similarities between current events and those occurring during and after World War 2. Perhaps if we look at how economies reacted to similar events in the past we can determine where the future will lead.
First there are undeniable environmental and political similarities between now and the conditions that existed more than 60 years ago. The massive tsunami that struck Japan on March 11th caused a massive loss of human life and also destroyed much of the Japan's infrastructure including damaging coolant pumps and causing explosions at multiple nuclear power plants. The damage to the power plants has contaminated surrounding water systems and nearby food sources with radiation 100,000 times above normal levels. Compared to the prolonged attacks and the atomic bombs dropped on Hiroshima and Nagasaki ending WWII, the total loss of human life may be far less than with the latest disaster. However the infrastructure of the country still has sustained significant damage. With roads, ports, power systems, water systems and other structures and services vital to a nation's health and survival.
After World War II, Japan, what many consider a brilliant decision to not rebuild their damage infrastructure, but instead completely replace it with the latest technology, building materials and advanced designs. Many will argue that the decision is at least partially responsible for making Japan a leader in technology today. Unfortunately for Japan some of the stipulations of their surrender in World War II were limitations of building up their military. Which can be an crucial component for both search and rescue operations and rebuilding infrastructure after a large natural disaster. Americans saw this with the Army Corp of Engineers rebuilding levees after hurricane Katrina and cleaning up oil after the BP spill in the Gulf of Mexico.
Immediately following Japan's surrender in World War 2, Allied powers began a seven year occupation of the country. The occupation officially ended in 1952, while treaties prevented Japan from maintaining armed forces, the Japanese Defense Force was created in 1954. This helped to fuel rumors the US was using the occupation to push an anti-communism agenda. During these years the damage to transportation networks and factories made food very scarce and difficult to distribute to those who needed it. Rice production had fallen 27% and the fishing industry was down more than 40%. Government food rations allotted just 1050 calories a day per person.
However the occupying forces may have been responsible for what is widely considered one of the most miraculous economic recoveries in history. One perk Japan enjoyed was that they were not required to pay any war reparations. In addition in an effort to stabilize the Japanese economy the United States injected around 2 billion dollars into rebuilding and reorganization efforts. By today's standards, allowing for inflation that would be around 17 billion dollars.
The American government, under the guidance of the Supreme Commander of the Allied Powers (SCAP), instituted many changes in the governing system of the country. Including establishing a democratic system, an educational system similar to the US, and prevention of militarism. Without the ability to build and maintain a military, less than 1% of the total GNP was now devoted to self-defense and what would have gone to the armed services instead went largely to the industrial sector.
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Could the cold war not have taken place without WWII?
im writing a debate speech thing on the cold war and WWII and how the cold war would not have taken place without WWII. but i dont know how to start. help.
Without the US dropping the atomic bombs on Hiroshima and Nagasaki, the Soviet Union might not have built their own bomb and tested it--starting the Cold War.
Rosie the Riveters of World War II