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WILLIAM HARTMAN WOODIN (May 27, 1868 – May 3, 1934) was a U.S. industrialist. He served as the Secretary of Treasury under Franklin Roosevelt in 1933.

BIOGRAPHY

Woodin was born in Berwick, Pennsylvania
Berwick, Pennsylvania
. He was closely involved in Jackson and Woodin Manufacturing Company . His father, Clemuel Ricketts "Clement" Woodin, preceded him in the presidency of the company and his grandfather, also named William Hartman Woodin, was an early partner in the company. He was a member of the Union League Club of New York . Woodin graduated from Columbia College School of Mines in 1890.

Jackson ">

Woodin worked up through ACF management to become president in 1916. He was a director of the Federal Reserve Bank of New York
Federal Reserve Bank of New York
from 1927 through 1932.

As Will Woodin, he collaborated with children's author Johnny Gruelle , composing music for the 1930 book Raggedy Ann
Raggedy Ann
's Sunny Songs and was the namesake of Gruelle's character Little Wooden Willie. In 1933, Woodin composed a march in honor of Roosevelt. Secretary of the Treasury 'William H. Woodin, (1933 Time )

Woodin was a Republican businessman and was a major contributor to Roosevelt's campaign in 1932. Woodin served as the Treasury Secretary from March 4, 1933 until he resigned effective December 31, 1933. Because of his poor health, for some weeks in 1933 Treasury Under-Secretary Dean Acheson
Dean Acheson
served as the Acting Secretary of the Treasury. Woodin was involved in major decisions that the new Roosevelt administration made to combat the Great Depression.

On March 4, 1933, when Roosevelt first took the oath of office, banks were closing their doors all over the United States
United States
as waves of panic led depositors to demand immediate payment of their money. Woodin was the point man in the administration's declaration of a "Bank Holiday" which closed every bank in the U.S. until bank examiners could determine which were sound enough to re-open. With "seals of approval" from the examiners, depositors regained confidence, and the vast majority left their money in bank deposits. This preceded the creation of deposit insurance and the Federal Deposit Insurance Corporation with the passage of the Glass-Steagall Act of 1933 to foster trust in banks which is essential to the entire financial system.

Woodin also presided over the Roosevelt Administration's withdrawal from the international monetary conference in London
London
and the decision to take the United States
United States
off the international gold standard there. While he was the Secretary of the Treasury, the Administration also began the decision-making process that eventually led to the administration's decision to buy all the gold in private hands in the United States
United States
(other than that used by dentists and jewelers) and then to raise the dollar price of gold, devaluing the dollar against gold.

Treasury Under Secretary Dean Acheson
Dean Acheson
opposed FDR on the latter two decisions and was forced to resign in November 1933. Woodin was an avid coin collector and when gold was withdrawn from private hands, he made certain that an exception was put in place for "rare or unusual" coins.

He died in New York City
New York City
, New York , and was buried in Pine Grove Cemetery, near his birthplace of Berwick, Pennsylvania
Berwick, Pennsylvania
.

Woodin is the great-grandfather of mathematician W. Hugh Woodin .

REFERENCES

* ^ http://news.stacks.com/content/remembering-william-h-woodin-pt1/ * ^ "Roosevelt Names Last of Cabinet". The New York Times. * ^ http://www.nndb.com/people/390/000167886/ * ^ White, John H. Jr. (1993). The American Railroad Freight Car: From the Wood- Car
Car
Era to the Coming of Steel. Baltimore: Johns Hopkins University Press . ISBN 0-8018-4404-5 . OCLC
OCLC
26130632 . * ^ "Jackson & Woodin Manufacturing Company". Mid-Continent Railway Museum. 2006-04-11. Retrieved 2008-04-16. * ^ "Woodin, Clemuel Ricketts". Columbia-Luzerne County PA Archives Biographies. USGenWeb. 2005-07-01. Archived from the original on 2008-05-24. Retrieved 2008-04-16. Extracted from Biographies of the Seventeenth Congressional District. Chicago: Biographical Publishing Company. 1899. * ^ Katz, Bernard S., ed.; and Vencill, C. Daniel (1996). Biographical Dictionary of the United States
United States
Secretaries of the Treasury. Greenwood Press. p. 387. ISBN 0-313-28012-6 . CS1 maint: Multiple names: authors list (link ) * ^ http://www.scribd.com/doc/50484683/Directors-of-Federal-Reserve-Bank-of-New-York-1914-2011 * ^ "Music: Turn Tiddily Tycoon". Time. January 26, 1931. * ^ Wayne Homren (2007-12-16). "William H. Woodin\'S Political Journey And Musical Talent". Coinbooks.org. Retrieved 2013-11-17.

POLITICAL OFFICES

Preceded by Ogden L. Mills U.S. Secretary of the Treasury Served under: Franklin D. Roosevelt
Franklin D. Roosevelt
March 5 – December 31, 1933 Succeeded by Henry Morgenthau, Jr.
Henry Morgenthau, Jr.

* v * t * e

United States
United States
Secretaries of the Treasury

18TH CENTURY

* Hamilton * Wolcott * Dexter

19TH CENTURY

* Gallatin * Campbell * Dallas * Crawford * Rush * Ingham * McLane * Duane * Taney * Woodbury * Ewing * Forward * Spencer * Bibb * Walker * Meredith * Corwin * Guthrie * Cobb * Thomas * Dix * Chase * Fessenden * McCulloch * Boutwell * Richardson * Bristow * Morrill * Sherman * Windom * Folger * Gresham * McCulloch * Manning * Fairchild * Windom * Foster * Carlisle * Gage

20TH CENTURY

* Shaw * Cortelyou * MacVeagh * McAdoo * Glass * Houston * Mellon * Mills * Woodin * Morgenthau * Vinson * Snyder * Humphrey * Anderson * Dillon * Fowler * Barr * Kennedy * Connally * Shultz * Simon * Blumenthal * Miller * Regan * Baker * Brady * Bentsen * Rubin * Summers

21ST CENTURY

* O\'Neill * Snow * Paulson * Geithner * Lew * Mnuchin

* v * t * e

Cabinet of President Franklin D. Roosevelt
Franklin D. Roosevelt
(1933–45)

VICE PRESIDENT

* John N. Garner (1933–41) * Henry A. Wallace
Henry A. Wallace
(1941–45) * Harry S. Truman
Harry S. Truman
(1945)

SECRETARY OF STATE

* Cordell Hull
Cordell Hull
(1933–44) * Edward R. Stettinius Jr. (1944–45)

SECRETARY OF THE TREASURY

* William Hartman Woodin (1933–34) * Henry Morgenthau Jr. (1934–45)

SECRETARY OF WAR

* George H. Dern (1933–36) * Harry H. Woodring (1936–40) * Henry L. Stimson
Henry L. Stimson
(1940–45)

ATTORNEY GENERAL

* Homer S. Cummings (1933–39) * Frank Murphy
Frank Murphy
(1939–40) * Robert H. Jackson
Robert H. Jackson
(1940–41) * Francis B. Biddle (1941–45)

POSTMASTER GENERAL

* James A. Farley (1933–40) * Frank C. Walker (1940–45)

SECRETARY OF THE NAVY

* Claude A. Swanson
Claude A. Swanson
(1933–39) * Charles Edison
Charles Edison
(1940) * Frank Knox
Frank Knox
(1940–44) * James V. Forrestal (1944–45)

SECRETARY OF THE INTERIOR

* Harold L. Ickes
Harold L. Ickes
(1933–45)

SECRETARY OF AGRICULTURE

* Henry A. Wallace
Henry A. Wallace
(1933–40) * Claude Raymond Wickard (1940–45)

SECRETARY OF COMMERCE

* Daniel C. Roper (1933–38) * Harry L. Hopkins (1938–40) * Jesse H. Jones
Jesse H. Jones
(1940–45) * Henry A. Wallace
Henry A. Wallace
(1945)

SECRETARY OF LABOR

* Frances Perkins
Frances Perkins
(1933–45)

AUTHORITY CONTROL

* WorldCat Identities * VIAF : 6372710 * LCCN : n85185303 * IATH

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