Birth, Education, and Career
Born in 1907 in Richmond, Virginia, he attended public schools in Tennessee, Alabama, and Chicago. He attended the University of Chicago, earning his bachelor of philosophy in 1926 and continuing graduate work into 1928. From 1928 to 1930, he was a member of the staff of the Johns Hopkins University Institute of Law, returning to the University of Chicago as a research assistant and to write his thesis from 1930-33. From 1933 to 1934, he was a member of the staff of the Brookings Institution. In the summer of 1934, he was a consultant in the Office of the Secretary of the Treasury Department; in the summer of 1936 and spring-summer 1939, he was again a consultant at the Treasury. From the autumn of 1934 until the spring of 1939, he taught economics at the University of Toronto, remaining a member of its staff on leave for several years thereafter (in his testimony, Coe says "4, 5, or 6 years"). Beginning in 1939, he worked adviser to Paul McNutt, then head of the Federal Security Agency, and in 1940 as assistant to Leon Henderson in the Office of Price Administration (then known as the National Defense Council).
Late in 1940, he returned to the Treasury Department as an assistant director of monetary research, where he stayed for about a year, during which he was special assistant to the United States Ambassador in England. In 1942, he became Executive Secretary of the Joint War Production Committee of the United States and Canada and an assistant to the Executive Director of the Board of Economic Warfare (later renamed the Foreign Economic Administration). In late 1944/early 1945, Coe was named Director of the Division of Monetary Research in the Treasury Department, serving as technical secretary at the United Nations Monetary and Financial Conference at Bretton Woods, New Hampshire in 1944, he accepted a position as Secretary of the International Monetary Fund in 1946, his successor at Treasury being Harold Glasser.
Coe resigned from the Fund in December 1952 after public calls were made by Congress for his ouster. The IMF announced his resignation on December 3, 1952.
Read more about this topic: Frank Coe
Famous quotes containing the word career:
“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)