The defeat at the Battle of Midway would not affect the project Manhattan nor the YB-35 project. So in late 1945, atomic bombs were dropped anyway in Japan. And the USA would still have capacity to fight friction, such as the Solomon Islands Campaign. And the U.S. production was 41.7%, Germany 14.4%, 14.0% USSR, UK 10.2%, France 4.2%, Japan 3.5% and Italy 2.5%. And the seven powers 90.5% overall. Nearly HALF of world production!
And the USA had: Nearly twice the population of Japan.
Seventeen team’s Japan’s national income. Five times more steel production. Seven times more coal production. Eighty (80!) times the automobile production. Provided almost 50% of the trucks for the USSR, and more. The defeat at the Battle of Midway would have only delayed 6-18 months the end of the war.
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RE: If US lost the battle of Midway