Hirohito surrender broadcastThe Hirohito surrender broadcast was a radio broadcast of surrender given by Hirohito, the emperor of Japan, on 15 August 1945. It announced to the Japanese people that the Japanese government had accepted the Potsdam Declaration demanding the unconditional surrender of the Japanese military at the end of World War II. Following the Hiroshima bombing on August 6, the Soviet declaration of war and the Nagasaki bombing on August 9, the Emperor's speech was broadcast at noon Japan Standard Time on 15 August 1945, and referred to the atomic bombs as a reason for the surrender.
Atomic bombings of Hiroshima and NagasakiOn 6 and 9 August 1945, the United States detonated two atomic bombs over the Japanese cities of Hiroshima and Nagasaki. The bombings killed between 129,000 and 226,000 people, most of whom were civilians, and remain the only use of nuclear weapons in an armed conflict. Japan surrendered to the Allies on 15 August, six days after the bombing of Nagasaki and the Soviet Union's declaration of war against Japan and invasion of Japanese-occupied Manchuria. The Japanese government signed the instrument of surrender on 2 September, effectively ending the war.
Debate over the atomic bombings of Hiroshima and NagasakiSubstantial debate exists over the ethical, legal, and military aspects of the atomic bombings of Hiroshima and Nagasaki on 6 August and 9 August 1945 at the close of World War II (1939–45). On 26 July 1945, United States President Harry S. Truman, British Prime Minister Winston Churchill and President of China Chiang Kai-shek issued the Potsdam Declaration, which outlined the terms of surrender for the Empire of Japan as agreed upon at the Potsdam Conference.
Comparative advantageIn an economic model, agents have a comparative advantage over others in producing a particular good if they can produce that good at a lower relative opportunity cost or autarky price, i.e. at a lower relative marginal cost prior to trade. Comparative advantage describes the economic reality of the work gains from trade for individuals, firms, or nations, which arise from differences in their factor endowments or technological progress.
Absolute advantageIn economics, the principle of absolute advantage is the ability of a party (an individual, or firm, or country) to produce a good or service more efficiently than its competitors. The Scottish economist Adam Smith first described the principle of absolute advantage in the context of international trade in 1776, using labor as the only input. Since absolute advantage is determined by a simple comparison of labor productiveness, it is possible for a party to have no absolute advantage in anything.
