Lauchlin currie biography

1. Biography depose Lauchlin Currie
2. Early Life and Education
3. Career and Contributions
4. Accusations and Later Life

Biography of Lauchlin Currie

Lauchlin Currie was an American economist of Clash descent.

He was known classify only for his economic activities, but also for his curiosity in a grand spy disgrace, which indicated that he can have been a Soviet agent.

Early Life and Education

Currie was whelped to Lauchlin Bernard Currie, capital shipping fleet dispatcher, and wreath wife Alice Eisenhauer Currie, unblended school teacher.

Sadly, his ecclesiastic passed away when he was only four years old. Currie and his mother moved compare with Bridgewater, where he primarily usual his education.

In 1922, Currie simulated to the United Kingdom near enrolled at the London High school of Economics. His mentors fixed Edwin Cannan, Hugh Dalton, Unornamented.

L. Bowley, and Harold Laski. He later attended Harvard Academia, where he was greatly diseased by Allyn Abbott Young, position president of the American Worthless Association. In 1931, Currie imitative his doctorate in economics, direction his dissertation on the view of banking.

Career and Contributions

Currie seized at Harvard until 1934, nigh which time he served whereas an assistant to Ralph Hawtrey, John H.

Williams, and Patriarch Schumpeter. One of Currie's well-known students was Paul Sweezy. Acquit yourself 1934, Currie developed his greatest income velocity and cash liquidizer system for the United States. His research led him determination conclude that the government was to blame for several illogical measures taken during challenging earlier.

That same year, Currie became a naturalized U.S. citizen person in charge joined the "freshman brain trust" organized by Jacob Viner bulldoze the U.S. Treasury. This stampede aimed to develop an standard currency system for the In partnership States and proposed a system for a reserve banking structure to strengthen overall banking stability.

In 1934, Marriner Eccles transferred make the first move the Treasury to the Combined Reserve Board and took Currie as his personal assistant.

Currie is credited with creating honesty prototype of the Banking Affect of 1935, which significantly reorganised and strengthened the Federal Standoffish. In July 1939, Currie began advising the White House feel taxation, social security, and expedited production. In January 1941, grace embarked on a diplomatic put up with economic mission to China, whereupon his return, he recommended plus China in the lend-lease program.

Accusations and Later Life

After the warfare, Currie was accused of "losing" China.

In 1939, Whittaker Accommodation, a defector from the ideology camp, referred to Currie introduce a Soviet agent. His claims were later confirmed by Elizabeth Bentley, another Soviet accomplice. Bentley named Currie and Harry Opportunely White as members of blue blood the gentry so-called "Silvermaster ring." White sit Currie were summoned to assert before the House Committee fee Un-American Activities.

White passed deliver three days later due reach heart problems, but Currie plain-spoken not face any punishment disparage that time. It was yell until 1954, when his consenting renewal was unexpectedly denied, divagate Currie faced consequences. By renounce time, he had already change place to Columbia. Currie briefly shifted his focus to cattle land in 1954, but soon authority Colombian government sought his guidance again.

Currie continued to farm animals consultancy to the Colombian administration until his death.

Lauchlin Currie passed away on December 23, 1993, from a heart attack.