During the Second World War, aircraft carriers assigned to Carrier Division Two participated in the Doolittle Raid, the Battle of Midway, the Battle of the Santa Cruz Islands, Operation Hailstone, the Battle of the Philippine Sea, and the Battle of Leyte Gulf, as well as the Solomon Islands campaign, the Gilbert and Marshall Islands campaign, the Hollandia and Western New Guinea campaign, the Philippines Campaign, the Mariana and Palau Islands campaign, the Iwo Jima campaign, and the Okinawan campaign, as part of the Navy's Fast Carrier Task Force. Rear Admiral Frederick C. Sherman commanded the division in 1943 while it was operating with the Fast Carrier Task Force.