Economic Diplomacy
A lifelong Democrat, Acheson worked at a law firm in Washington D.C., Covington & Burling, often dealing with international legal issues before Franklin Delano Roosevelt appointed him Undersecretary of the United States Treasury in 1933. When Secretary William H. Woodin fell ill, Acheson suddenly found himself acting secretary despite his ignorance of finance. Because of his opposition to FDR's plan to inflate the dollar by controlling gold prices, he was forced to resign in November 1933 and resumed his law practice. In 1939-1940 he headed a committee to study the operation of administrative bureaus in the federal government.
Read more about this topic: Dean Acheson
Famous quotes containing the words economic and/or diplomacy:
“What exacerbates the strain in the working class is the absence of money to pay for services they need, economic insecurity, poor daycare, and lack of dignity and boredom in each partner’s job. What exacerbates it in upper-middle class is the instability of paid help and the enormous demands of the career system in which both partners become willing believers. But the tug between traditional and egalitarian models of marriage runs from top to bottom of the class ladder.”
—Arlie Hochschild (20th century)
“There are few ironclad rules of diplomacy but to one there is no exception. When an official reports that talks were useful, it can safely be concluded that nothing was accomplished.”
—John Kenneth Galbraith (b. 1908)