Eisenhower appointed Robert B. Anderson (1910-1989), formerly President
Eisenhower's Secretary of the Navy (1953-1954) and Deputy Secretary of Defense
(1954-1955), Secretary of the Treasury in 1957. He was financially
conservative, standing behind the Eisenhower administration's desire to pare
down the size of the government and balance the budget in order to cut inflation
and invigorate private enterprise. He believed that the government could be run
more efficiently by adopting the policies and practices of private business.
Upon the retirement of Secretary of State John Foster Dulles in
1959, Anderson became the cabinet "strongman." He fought for a
reduction in the U.S. trade deficit, insisting that the Allies remove their
quotas against the importation of American goods and assume a greater share of
the cost of defending their territories. Though he left office in 1961 and
returned to private business, Anderson remained an important economic advisor to
presidents John F. Kennedy and Lyndon B. Johnson. - Text
Courtesy of the Office of the
Curator
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