Word: japanism
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Dates: during 1930-1939
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...Representatives passed and sent to the Senate a quick measure, approved by U. S. Attorney General Murphy, making it a crime to operate a gambling ship under U. S. registry. Tony Stralla had an answer for that one. If need be, said he, he would fly the flag of Japan...
...implied threat in Secretary Hull's treaty abrogation is an embargo on shipment of war materials to Japan when six months notice is up and possibly penalty duties on Japanese goods. Cutting off U.S. scrap would put a serious crimp in Japan's manufacture of guns and other weapons. With very little scrap iron available outside of the U.S., Japan would have to buy expensive iron and steel or iron ore. For her other U.S.-supplied war materials (oil and gasoline, pig iron, copper, machinery and engines, autos, trucks and parts) Japan could go elsewhere...
...penalty tariff on Japan's exports to the U.S. would hit the silk trade. Japan produces 75% of the world's raw silk, the U.S. consumes almost all of it, and neither can find an adequate market or source of supply elsewhere. U.S. women would suffer by paying more for silk stockings (half the world's silk sheathes their legs) and Japan would be threatened with permanent loss of part of her silk market to nylon, rayon and other synthetic U.S. yarns...
...other commodities Japan might lose her U.S. market more or less completely but, except as Japan's domestic consumption of cotton fell off, U.S. cotton producers might not suffer: if Brazil, for example, sells cotton to Japan instead of Britain, the U.S. should be able to sell to Britain instead of Japan...
Missing from these trade figures, moreover, is an item vital to warring Japan. In the last two years she has sold the U.S. $415,209,648 worth of gold, $4,202,856 worth of silver. She is now reported to have only about $140,000,000 of gold on hand. Last week Secretary of the Treasury Henry Morgenthau Jr. said he was taking a "fresh look" at gold and silver purchases from Japan...