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:
“The world is neither wise nor just, but it makes up for all its folly and injustice by being damnably sentimental.”
—Thomas Henry Huxley (1825–95)
“What war has always been is a puberty ceremony. It’s a very rough one, but you went away a boy and came back a man, maybe with an eye missing or whatever but godammit you were a man and people had to call you a man thereafter.”
—Kurt Vonnegut, Jr. (b. 1922)