George Pratt Shultz
| George P. Shultz | |
|---|---|
 |
|
| 60th United States Secretary of State | |
|
In office July 16, 1982 – January 20, 1989 |
|
| President | Ronald Reagan |
| Deputy |
Walter J. Stoessel Jr. Kenneth W. Dam John C. Whitehead |
| Preceded by | Alexander Haig |
| Succeeded by | James Baker |
| 62nd United States Secretary of the Treasury | |
|
In office June 12, 1972 – May 8, 1974 |
|
| President | Richard Nixon |
| Preceded by | John Connally |
| Succeeded by | William E. Simon |
| Director of the Office of Management and Budget | |
|
In office July 1, 1970 – June 11, 1972 |
|
| President | Richard Nixon |
| Preceded by | Bob Mayo (Bureau of the Budget) |
| Succeeded by | Caspar Weinberger |
| 11th United States Secretary of Labor | |
|
In office January 22, 1969 – July 1, 1970 |
|
| President | Richard Nixon |
| Preceded by | W. Willard Wirtz |
| Succeeded by | James Day Hodgson |
| Personal details | |
| Born |
George Pratt Shultz December 13, 1920 New York City, U.S. |
| Political party | Republican |
| Spouse(s) |
Helena O'Brien (m. 1946; d. 1995) Charlotte Mailliard (m. 1997) |
| Children | 5 |
| Education |
Princeton University (BA) Massachusetts Institute of Technology (MA, PhD) |
| Signature |  |
| Military service | |
| Allegiance |
 United States |
| Service/branch |
 United States Marine Corps
|
| Years of service | 1942–1945 |
| Rank |
 Captain
|
George Pratt Shultz (born December 13, 1920) is an American economist, statesman, and businessman. He served in various positions under three different Republican presidents. Along with Elliot Richardson, he is one of two individuals to serve in four different Cabinet positions.
Born in New York City, he graduated from Princeton University before serving in the United States Marine Corps during World War II. After the war, Shultz earned a PhD in industrial economics from the Massachusetts Institute of Technology (MIT). He taught at MIT from 1948 to 1957, taking a leave of absence to take a position on President Dwight D. Eisenhower's Council of Economic Advisers. After serving as dean of the University of Chicago Graduate School of Business, he accepted President Richard Nixon's appointment to the position of United States Secretary of Labor. In that position, he imposed the Philadelphia Plan on construction contractors that refused to accept black members, marking the first use of racial quotas by the federal government. In 1970, he became the first Director of the Office of Management and Budget, and he served in that position until his appointment as United States Secretary of the Treasury in 1972. Shultz supported the Nixon shock, which sought to revive the ailing economy in part by abolishing the gold standard. He also presided over the end of the Bretton Woods system.
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