David M. Kennedy

This article is about the businessman and politician David M. Kennedy. For the historian, see David M. Kennedy (Historian) .

Portrait of David M. Kennedy in the US Treasury Department

David Matthew Kennedy (born July 21, 1905 in Randolph , Utah , †  May 1, 1996 in Salt Lake City , Utah) was an American businessman, diplomat and politician ( Republican Party ) who served in the cabinet of US President Richard Nixon belonged as finance minister .

Studies and professional career

After attending school, he graduated from Weber State University , which he graduated with a Bachelor of Arts (BA) in 1928 . After a two-year stay in England as a missionary of the Church of Jesus Christ of Latter-day Saints ( Mormons ), he continued his studies at George Washington University , graduating in 1935 with a Master of Arts (MA) . One also completed course of study of law he graduated in 1937 with a Doctor of Laws ( LL.D. from). He then completed a degree at the Stonier Graduate School of Banking at Rutgers University , which he graduated with a bachelor's degree in 1939.

During his studies, he was a member of the staff of the Governors of the Federal Reserve System (Fed) from 1930 to 1946 , where he eventually rose to become assistant to the then long-standing chairman of the Fed, Marriner S. Eccles . After World War II , he began his professional career at Continental Illinois National Bank in which he by the employee of the Department of bonds ( Bond Department ) as President and CEO in 1956 and eventually becoming chairman and CEO rise in the 1959th

Political career

Eisenhower, Kennedy, and Johnson governments

Between 1953 and 1957 he was special assistant to then Treasury Secretary George M. Humphrey for debt management issues in the first administration of President Dwight D. Eisenhower .

In October 1962, the unrelated US President John F. Kennedy appointed him a member of a private company that was supposed to manage the United States' share of a worldwide satellite system. In this company he was finally elected to the executive board in 1964. In 1969, President Lyndon B. Johnson appointed him chairman of the Budget Policy Commission. The recommendations of this commission were ultimately adopted as standard government budgetary practice.

Treasury Secretary and Ambassador under President Nixon

Kennedy's signature on US $ banknotes

After Richard Nixon was elected US President, he was appointed Secretary of the Treasury in his cabinet on January 22, 1969 . Kennedy held this office until he was replaced by John Connally on February 11, 1971.

He then became special envoy with cabinet rank before to February 1973, he from March 1972 as Ambassador of the United States in the NATO acted. From 1976 to 1990 he was chairman of the USA- Taiwan Economic Council, which he founded in 1976 . The David M. Kennedy Center for International Studies at Brigham Young University in Provo was named in his honor.

literature

• Hickman, Martin Berkeley: David Matthew Kennedy: Banker, Statesman, Churchman , Salt Lake City 1987, ( ISBN 0-87579-093-3 )

Web links

• Biography and portrait on the US Treasury Department homepage
• Biographical notes in rulers.org
• David M. Kennedy at the University of Virginia Miller Center of Public Affairs (English)