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:
“Some natural tears they dropped, but wiped them soon;
The world was all before them, where to choose
Their place of rest, and Providence their guide;
They, hand in hand, with wandering steps and slow
Through Eden took their solitary way.”
—John Milton (1608–1674)
“Our young people have come to look upon war as a kind of beneficent deity, which not only adds to the national honor but uplifts a nation and develops patriotism and courage. That is all true. But it is only fair, too, to let them know that the garments of the deity are filthy and that some of her influences debase and befoul a people.”
—Rebecca Harding Davis (1831–1910)