Sanctions Can Be Tantamount to a Declaration of War

Economic sanctions issued to prevent war or deter what are regarded as bad regimes often lead to war. Leaders of today should learn their history. In August 1941 the United States of America issued sanctions against Japan. Japan had been fighting in China and the Far East and had embargoed war supplies from the US into China. In retaliation the US embargoed all oil exports to Japan (who had at that stage only six months to two years stock left depending on whether you accept conservative or liberal estimates) and blocked all US credit and capital to Japan. A year earlier the US had closed the Panama Canal to Japanese Shipping and embargoed the sale of iron and scrap iron to Japan. Continue reading