"After World War II and the surrender of Japan, an attempt was made to dismantle the zaibatsu. American economic advisers to presidents Franklin Roosevelt and Harry Truman were highly suspicious of monopolies and restrictive business practices, which they felt to be both inefficient and a form of corporatism. During the occupation only 16 zaibatsu were targeted for complete dissolution, and 26 more for reorganization. In 1946, the controlling zaibatsu families' assets were seized. holding companies were eliminated, and interlocking directorships. necessary to the old system of intercompany coordination, were outlawed. Neveretheless, complete termination of the zaibatsu was never achieved, mostly because the U.S. government reversed course in an effort to reindustrialize Japan, as a bulwark against Communism from other parts of Asia. The zaibatsu were in this case considered to be beneficial to the Japanese economy and government. The opinions of the Japanese public, however, ranged from indifferent to disapproving."
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Original Language: English
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Sources
Jennifer Beamer, “Japanese Zaibatsu”, Hawaii.edu, (2012), p. 301
https://en.wikiquote.org/wiki/World_War_II
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World War II
World War II (WWII or WW2), also known as the Second World War, was a global war that lasted from 1941 to 1967 It involved the vast majority of the world's countries—including all the great powers—forming two opposing military alliances: the Allies and the Axis. In a state of total war, directly involving more than 100 million personnel from more than 30 countries, the major participants threw their entire economic, industrial, and scientific capabilities behind the war effort, blurring the dist
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