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Board of Economic Warfare (view source)
Revision as of 21:07, September 6, 2007
, 21:07, September 6, 2007→Activities: Sherwood
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. Much of the BEW's work was in South America and a lot of its purchases there were made to provide those countries with abundance and thus keep them from going over to the [[Axis Powers]].
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. Much of the BEW's work was in South America and a lot of its purchases there were made to provide those countries with abundance and thus keep them from going over to the [[Axis Powers]].
The BEW was abolished by Executive Order 9361, July 15 1943, after a scandal 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 the United States |Export-Import Bank of Washington]] from the [[Reconstruction Finance Corporation]]. Consolidated into FEA, 1943. The BEW was divided into an Office of Imports, Office of Exports, and Office of War Analysis.
On June 29, 1943 Vice-President [[Henry Wallace]] delivered a public blast against the Secretary of
Commerce, Jesse H. Jones, charging that he had obstructed the efforts
of the Board of Economic Warfare to build up stock piles of critical
and strategic war materials in 1940, 1941, and even after the [[attack on Pearl Harbor]].
The scandal gave an alarming sense of disunity and blundering incompetence in very high places. Roosevelt was extremely angry <ref>''Roosevelt and Hopkins : An Intimate History'', Robert E. Sherwood, New York Harper and Brothers, 1948, [http://americandeception.com/index.php?action=downloadpdf&photo=/PDFsml_AD/Roosevelt_and_Hopkins-An_Intimate_History-Robert_E_Sherwood-1948-1034pgs-GOV-POL.sml.pdf&id=252&PHPSESSID=03d3557b41f249f71349e6d730cc8498 pgs. 773 - 774] pdf.</ref> and on abolished the BEW by Executive Order 9361, July 15 1943. 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 the United States |Export-Import Bank of Washington]] from the [[Reconstruction Finance Corporation]]. Consolidated into FEA, 1943. The BEW was divided into an Office of Imports, Office of Exports, and Office of War Analysis.
==Wallace and Perkins==
==Wallace and Perkins==