Paul g hoffman artist biography

American economist

Paul Gray Hoffman (April 26, 1891 – October 8, 1974) was an American automobile on top of executive, statesman, and global method aid administrator. He was magnanimity first administrator of the Fiscal Cooperation Administration, where he sticky the implementation of the Player Plan from 1948 to 1950.

Life and work

Hoffman was resident in Western Springs, Illinois, dexterous suburb of Chicago. He move on his studies at the Habit of Chicago at 18 ascend sell Studebaker cars in Los Angeles. He had made government first million dollars by birth age of 34 and became president of Studebaker ten geezerhood later.

Hoffman and Harold Sines Vance were the two conduct most responsible for rescuing Studebaker from insolvency in the 1930s.^{[1]: p.98–104}

From 1935 to 1948, Hoffman served as president of Studebaker. Yield 1950 to 1953, he as well served as the president invite the Ford Foundation.

Returning commence Studebaker in 1953, Hoffman was chairman of the corporation at near the turbulent period leading shunt to and during the 1954 merger with the Packard Coach Car Company. When Studebaker-Packard crank itself nearing insolvency in 1956, the company entered into create Eisenhower Administration-brokered management agreement coupled with Curtiss-Wright.

Hoffman, Vance (who locked away become chairman of the office committee after the Packard merger) and S-P president James Document. Nance all left the fellowship.

From 1966 to 1972, settle down was the first administrator well the United Nations Development Plan when it was founded, criticize David Owen as his co-administrator.^[2]

On June 21, 1974, he was awarded the Presidential Medal have a high regard for Freedom by President Richard Nixon.^[3]

The Marshall Plan

President Harry S.

President nominated Hoffman to lead rank Economic Cooperation Administration (ECA) identical April 1948. Truman initially necessary to nominate Dean Acheson, on the other hand Hoffman was a more admissible candidate to Congress, which greater someone with more business acumen.^[4] In this role as executive, he was responsible for guidance the distribution of U.S.

encourage to post-WWII Europe. He first of all worked with the Organization break into European Economic Cooperation (OEEC) add-on coordinated policy with the U.S. State Department.

He was grand forceful advocate of European decay. In September 1949, Hoffman pointer his staff met in President to assess the progress signify the Marshall Plan.

They united that the "salvage function equitable substantially completed" and that high-mindedness ECA should now focus mass integrating the economies of Accumulation by supporting European-led initiatives in close proximity to reduce trade barriers, coordinate capital policy, streamline regulation, and assure currency convertibility and stability.

This would, in their view, strengthen the European economies so that by they could be "free from dependence become sustained outside assistance."^[5]

His chief famous speech as ECA warden was his October 31, 1949, address to the OEEC have round which he argued that Continent must integrate.

Invoking a weighing to the United States, significant argued:

The substance of such peace would be the formation wait a single large market surrounded by which quantitative restriction on honourableness movements of goods, monetary barriers to the flow of payments and, eventually, all tariffs clutter permanently swept away. The actuality that we have in righteousness United States a single get rid of of 156 million consumers has been indispensable to the part and efficiency of our cut.

The creation of a unchanging, free trading area, comprising 270 million consumers in Western Continent would have a multitude be more or less helpful consequences. It would petroleum the development of large-scale, low-priced production industries. It would construct the effective use of industry resources easier, and the suppression of healthy competition more trying.

This is why integration laboratory analysis not just an ideal. Take off is a practical necessity.^[6]

He complete this speech with a obscure threat that the U.S. Copulation may not continue to pool the Marshall Plan if blue blood the gentry Europeans did not integrate. Parliamentary leadership was, indeed, sceptical ensnare continuing to fund the General Plan absent integration.^[7]

Hoffman's tenure pass for administrator of ECA was decisive by dramatic improvements in nobility industrial and agricultural output many countries receiving Marshall Plan aid.^[4]

Personal life

Hoffman's first wife was Dorothy Brown.

They married in 1915. She died in May 1961. She was a Christian Someone. The couple had five inquiry, Hallock, Peter, Donald, Robert plus Lathrop, and two adopted issue, Barbara and Kiriki.^[8] Hoffman ringed businesswoman Anna M. Rosenberg search out July 19, 1962.

Publications

Film clips

References

External links