Last week, I called for an emergency economic summit to confront the deep and persistent international recession, which threatens to unravel the fabric of global economic cooperation and foster political extremism. In an act of unprecedented brutality, we also required that they keep their remarks to around 300 words. We asked seven Democrats widely regarded as presidential candidates to tell us what they thought of the local content legislation. It also presents a problem to traditionally free-trade-minded Democrats. Such legislation presents a real problem to our trading partners. Strongly favored by the labor unions, it would, if enacted, direct that imported automobiles could only be marketed in this country if a certain proportion of American labor and materials had been used in their manufacture. Next week, in the final entry in this series, we'll take a look at what came next in the new post-war era.So-called local content legislation was passed by the House last week. Six days after the bombing of Nagasaki, and after much internal struggle, Japan surrendered on August 15, 1945. carried out the atomic bombings, the Soviet Union declared war on Japan, invading occupied Manchuria with a force of more than one million soldiers and, quickly defeating Japan's Kwantung Army. Okinawa was seen as a painful preview of a planned full invasion of Japan, and Allied generals predicted massive casualties if it took place.
In June, after more than 80 days of fighting, Allied forces captured the Japanese island of Okinawa, but at a horrible cost, with more than 150,000 casualties on both sides, and tens of thousands of civilians dead (many by their own hand). Navy successfully brought B-29 bombers within range of Japan's Home Islands, and they carried out massive attacks involving high explosives, incendiary bombs, and finally the two most powerful weapons ever used in war: the newly-invented atomic bombs dropped on Hiroshima and Nagasaki. The island-hopping strategy adopted by the U.S. After Germany surrendered in May of 1945, Allied attention focused on Japan.
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