World War II
Brought back as assistant secretary of state in 1941, Acheson implemented much of United States economic policy aiding Great Britain and harming the Axis Powers. Acheson implemented the Lend-Lease policy that helped re-arm Great Britain and the American/British/Dutch oil embargo that cut off 95 percent of Japanese oil supplies and escalated the crisis with Japan in 1941.
In 1944, Acheson attended the Bretton Woods Conference as the head delegate from the State department. At this conference the post-war international economic structure was designed. The conference was the birthplace of the International Monetary Fund, the World Bank, and the General Agreement on Tariffs and Trade, the last of which would evolve into the World Trade Organization.
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Famous quotes containing the words world and/or war:
“Yes, Heaven is thine; but this
Is a world of sweets and sours;
Our flowers are merely—flowers,
And the shadow of thy perfect bliss
Is the sunshine of ours.”
—Edgar Allan Poe (1809–1849)
“One must know that war is common, justice is strife, and everything happens according to strife and necessity.”
—Heraclitus (c. 535–475 B.C.)