John Wesley Snyder (US Cabinet Secretary)
|John W. Snyder|
|painted by Greta Kempton|
|54th United States Secretary of the Treasury|
June 25, 1946 – January 20, 1953
|President||Harry S. Truman|
|Preceded by||Frederick M. Vinson|
|Succeeded by||George M. Humphrey|
|Born||John Wesley Snyder
June 21, 1895
Jonesboro, Arkansas, U.S.
|Died||October 8, 1985
Seabrook Island, South Carolina, U.S.
|Resting place||Washington National Cathedral, Washington, D.C., U.S.|
|Spouse(s)||Evlyn Cook Snyder
(m. January 5, 1920 - d.)
|Children||Edith Drucie Snyder|
|Alma mater||Vanderbilt University|
Snyder was born in Jonesboro, Arkansas, on June 21, 1895, to Jesse Hartwell Snyder and his wife Ellen (Hatcher). He studied at Vanderbilt University's engineering school for one year before joining the Army during World War I.
Snyder moved to Washington in the early 1930s with a broad background in banking and business. He held several public and private offices including National Bank Receiver in the Office of the Comptroller of the Currency, Federal Loan Administrator, and Director of War Mobilization and Reconversion. In the last office he played a leading part in the transition of the USA's economy from a wartime to a peacetime basis.
Snyder was appointed the U.S. Secretary of the Treasury in 1946 by his close personal friend President Harry S. Truman, with whom he had served in World War I. His task as Secretary was to establish a stable postwar economy. The main points of his program were maintaining confidence in the credit of the government, reducing the federal debt, and encouraging public thrift through investment in U.S. Savings Bonds. He retired from government in 1953 at the end of Truman's second term.
- A selection of Snyder's papers related to the 1951 Accord, are available on the Federal Reserve Archival System for Economic Research
- Finding aid for Snyder's papers held at the Truman Presidential Library
Fred M. Vinson
|U.S. Secretary of the Treasury
Served under: Harry S. Truman
George M. Humphrey