Japan bombs Oregon 80 years ago today
Each day, Benzinga looks back on a market-related moment that happened on that date.
What happened? On this day in 1942, Japan burned down Oregon.
Where the market was: The Dow Jones Industrial Average was trading around 107 and the S&P 500 around 9.
What else was going on in the world? In 1942, the United States began selling war bonds to raise $13 billion to fund World War II efforts. Twenty-six countries signed the United Nations Declaration, a group that would form the foundation of the post-war United Nations. The average price of a new home was $3,770.
United States Attack on the Continent: On September 9, 1942, a Japanese seaplane set fire to Mount Emily in the Blue Mountains of eastern Oregon. The attack is the only continental attack against the United States during World War II.
Japanese pilot Nobui Fujita's plane was launched from the Japanese submarine I-25. The pilot then steered his plane over an Oregon state forest and dropped incendiary bombs on the area. Japan's strategy was to create large wildfires to draw the US military out of the Pacific theater.
Many Americans were unaware of the attack at the time because President Franklin Roosevelt had called for a news blackout to preserve US morale. Fujita survived the raid and returned home to Japan, and the bombardment caused no long-term damage to the area. However, Fujita remains the only pilot to have successfully bombed the continental United States.
Despite the blackout, the market was shaken. From September 8 to September 10, the Dow Jones fell 1.1%.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Each day, Benzinga looks back on a market-related moment that happened on that date.
What happened? On this day in 1942, Japan burned down Oregon.
Where the market was: The Dow Jones Industrial Average was trading around 107 and the S&P 500 around 9.
What else was going on in the world? In 1942, the United States began selling war bonds to raise $13 billion to fund World War II efforts. Twenty-six countries signed the United Nations Declaration, a group that would form the foundation of the post-war United Nations. The average price of a new home was $3,770.
United States Attack on the Continent: On September 9, 1942, a Japanese seaplane set fire to Mount Emily in the Blue Mountains of eastern Oregon. The attack is the only continental attack against the United States during World War II.
Japanese pilot Nobui Fujita's plane was launched from the Japanese submarine I-25. The pilot then steered his plane over an Oregon state forest and dropped incendiary bombs on the area. Japan's strategy was to create large wildfires to draw the US military out of the Pacific theater.
Many Americans were unaware of the attack at the time because President Franklin Roosevelt had called for a news blackout to preserve US morale. Fujita survived the raid and returned home to Japan, and the bombardment caused no long-term damage to the area. However, Fujita remains the only pilot to have successfully bombed the continental United States.
Despite the blackout, the market was shaken. From September 8 to September 10, the Dow Jones fell 1.1%.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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