Board of Economic Warfare
Encyclopedia
The Office of Administrator of Export Control (also referred to as the Export Control Administration) was established in the United States by Presidential Proclamation 2413, July 2, 1940, to administer export licensing provisions of the act of July 2, 1940 (54 Stat. 714). Brigadier General Russell Lamont Maxwell, United States Army, headed up this military entity. It was abolished by Presidential Executive Order 8900, September 15, 1941, and its functions were transferred to the Economic Defense Board, which had been established by Presidential Executive Order 8839, July 30, 1941, to develop policies and programs to strengthen U.S. international economic relations. The name was changed to Board of Economic Warfare by Presidential Executive Order 8982, December 17, 1941. In turn, it was abolished by Executive Order 9361, July 15, 1943, and the functions were transferred to the newly created Office of Economic Warfare, OEM, which also assumed control of U.S. Commercial Company, Rubber Development Corporation, Petroleum Reserves Corporation, and Export-Import Bank of Washington
from the Reconstruction Finance Corporation
. Consolidated into the Foreign Economic Administration
, 1943.
chaired the Economic Defense Board, the Supply Priorities and Allocations Board, and the Board of Economic Warfare as a member of President Roosevelt
's secret "war cabinet".
Divided into an Office of Imports, Office of Exports, and Office of War Analysis, the Board of Economic Warfare (BEW) supported the Allied war effort through procurement of strategic resources. As chairman, Wallace freed himself to deal with long-term policy matters by delegating the day-to-day management of the BEW to Milo Perkins, an associate from the Department of Agriculture. Like many special boards created by President Roosevelt, the BEW came in for its share of interdepartmental bickering, rivalries, and conflicts of authority.
When Roosevelt signed an executive order in April 1942 allowing the BEW to negotiate contracts with foreign governments, Secretary of State Cordell Hull
saw it as an attempt to create a second State Department. Wallace was convinced that the Latin American rubber supply could be increased if living standards of that region's rubber workers were raised to reduce the incidence of chronic malnutrition and malaria. He attempted to force negotiated contracts to provide for improvements to the Latin American infrastructure, with the United States funding half the cost of these programs. Wallace's acquisition of executive authority had been unpopular with the rank and file in Congress, and most members supported Hull, a former senator, in his attacks on the BEW and its chairman.
The BEW controversy climaxed in February 1943, when Wallace tried to place the purchasing authority of the Reconstruction Finance Corporation (RFC) under the BEW's jurisdiction. Commerce Secretary Jesse Jones denounced Wallace's action. When Wallace retaliated by accusing Jones of delaying shipments of quinine to marines dying of malaria, the imbroglio became too hot for Roosevelt to ignore. The embattled vice president wrote to the president, asking for either complete vindication for his actions in the matter or relief of his duties as chairman of the BEW. Roosevelt responded on July 15, 1943, by dissolving the BEW and reconstituting its function under a new Foreign Economic Administration, headed by Leo Crowley
, a known supporter of Jones.
Export-Import Bank of the United States
The Export-Import Bank of the United States is the official export credit agency of the United States federal government. It was established in 1934 by an executive order, and made an independent agency in the Executive branch by Congress in 1945, for the purposes of financing and insuring...
from the Reconstruction Finance Corporation
Reconstruction Finance Corporation
The Reconstruction Finance Corporation was an independent agency of the United States government, established and chartered by the US Congress in 1932, Act of January 22, 1932, c. 8, 47 Stat. 5, during the administration of President Herbert Hoover. It was modeled after the War Finance Corporation...
. Consolidated into the Foreign Economic Administration
Foreign Economic Administration
In the administration of Franklin Delano Roosevelt, the Foreign Economic Administration was formed to relieve friction between US agencies operating abroad. As described by the biographer of the FEA's chief, Leo Crowley, the agency was designed and run by "The Nation's #1 Pinch-hitter".S. L...
, 1943.
Henry A. Wallace
Vice President Henry A. WallaceHenry A. Wallace
Henry Agard Wallace was the 33rd Vice President of the United States , the Secretary of Agriculture , and the Secretary of Commerce . In the 1948 presidential election, Wallace was the nominee of the Progressive Party.-Early life:Henry A...
chaired the Economic Defense Board, the Supply Priorities and Allocations Board, and the Board of Economic Warfare as a member of President Roosevelt
Franklin D. Roosevelt
Franklin Delano Roosevelt , also known by his initials, FDR, was the 32nd President of the United States and a central figure in world events during the mid-20th century, leading the United States during a time of worldwide economic crisis and world war...
's secret "war cabinet".
Divided into an Office of Imports, Office of Exports, and Office of War Analysis, the Board of Economic Warfare (BEW) supported the Allied war effort through procurement of strategic resources. As chairman, Wallace freed himself to deal with long-term policy matters by delegating the day-to-day management of the BEW to Milo Perkins, an associate from the Department of Agriculture. Like many special boards created by President Roosevelt, the BEW came in for its share of interdepartmental bickering, rivalries, and conflicts of authority.
When Roosevelt signed an executive order in April 1942 allowing the BEW to negotiate contracts with foreign governments, Secretary of State Cordell Hull
Cordell Hull
Cordell Hull was an American politician from the U.S. state of Tennessee. He is best known as the longest-serving Secretary of State, holding the position for 11 years in the administration of President Franklin Delano Roosevelt during much of World War II...
saw it as an attempt to create a second State Department. Wallace was convinced that the Latin American rubber supply could be increased if living standards of that region's rubber workers were raised to reduce the incidence of chronic malnutrition and malaria. He attempted to force negotiated contracts to provide for improvements to the Latin American infrastructure, with the United States funding half the cost of these programs. Wallace's acquisition of executive authority had been unpopular with the rank and file in Congress, and most members supported Hull, a former senator, in his attacks on the BEW and its chairman.
The BEW controversy climaxed in February 1943, when Wallace tried to place the purchasing authority of the Reconstruction Finance Corporation (RFC) under the BEW's jurisdiction. Commerce Secretary Jesse Jones denounced Wallace's action. When Wallace retaliated by accusing Jones of delaying shipments of quinine to marines dying of malaria, the imbroglio became too hot for Roosevelt to ignore. The embattled vice president wrote to the president, asking for either complete vindication for his actions in the matter or relief of his duties as chairman of the BEW. Roosevelt responded on July 15, 1943, by dissolving the BEW and reconstituting its function under a new Foreign Economic Administration, headed by Leo Crowley
Leo Crowley
Leo Thomas Crowley was a member of the cabinet of President Franklin D. Roosevelt as the head of the Foreign Economic Administration. Previously he had served as Alien Property Custodian and as chief of the Federal Deposit Insurance Corporation...
, a known supporter of Jones.