A painting by artist RG Smith depicting the Battle of Midway
http://en.wikipedia.org/wiki/Battle_of_MidwayBetween 4 and 7 June 1942, only six months after Japan's attack on Pearl Harbor, and one month after the Battle of the Coral Sea, the United States Navy decisively defeated an Imperial Japanese Navy (IJN) attack against Midway Atoll, inflicting irreparable damage on the Japanese fleet.[8] Military historian John Keegan has called it "the most stunning and decisive blow in the history of naval warfare."[9]
The Japanese operation, like the earlier attack on Pearl Harbor, sought to eliminate the United States as a strategic power in the Pacific, thereby giving Japan a free hand in establishing its Greater East Asia Co-Prosperity Sphere. The Japanese hoped that another demoralizing defeat would force the U.S. to capitulate in the Pacific War.[10]
The Japanese plan was to lure the United States' aircraft carriers into a trap.[11] The Japanese also intended to occupy Midway Atoll as part of an overall plan to extend their defensive perimeter in response to the Doolittle Raid. This operation was also considered preparatory for further attacks against Fiji and Samoa.
The plan was handicapped by faulty Japanese assumptions of the American reaction and poor initial dispositions.[12] Most significantly, American codebreakers were able to determine the date and location of the attack, enabling the forewarned U.S. Navy to set up an ambush of its own. Four Japanese aircraft carriers and a heavy cruiser were sunk for a cost of one American aircraft carrier and a destroyer. After Midway, and the exhausting attrition of the Solomon Islands campaign, Japan's shipbuilding and pilot training programs were unable to keep pace in replacing their losses while the U.S. steadily increased its output in both areas.[13]
More detail here:
http://www.history.navy.mil/faqs/faq81-1.htm
All fifteen of the doomed "Torpedo 8" (VT-8) squadron shown here as they depart to attack the Japanese carriers.
More reading and photos
This might be blocked in some areas, but here is some footage of the Battle of Midway:
http://www.hulu.com/watch/358507/battle ... une-2-1942