Joseph Dodge
| Joseph Dodge | |
|---|---|
Dodge (right) meets Hayato Ikeda, 1948
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| Director of the Bureau of the Budget | |
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In office January 22, 1953 – April 15, 1954 |
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| President | Dwight D. Eisenhower |
| Preceded by | Frederick Lawton |
| Succeeded by | Rowland Hughes |
| Personal details | |
| Born |
Joseph Morrell Dodge November 18, 1890 Detroit, Michigan, U.S. |
| Died | December 2, 1964 (aged 74) Detroit, Michigan, U.S. |
| Political party | Republican |
Joseph Morrell Dodge (November 18, 1890 – December 2, 1964) was a chairman of the Detroit Bank, now Comerica. He later served as an economic adviser for postwar economic stabilization programs in Germany and Japan, headed the American delegation to the Austrian Advisory commission, and worked as President Dwight D. Eisenhower's director of the Bureau of the Budget.
Dodge formed economic reconstruction plans for West Germany after World War II, and implemented financial reforms in 1948. He later moved to Japan, having drafted another economic stabilization plan, widely known as the "Dodge Line", in December 1948, as the financial adviser to the Supreme Commander for the Allied Powers (SCAP), General Douglas MacArthur. Arriving in February 1949 to implement these reforms, Dodge served as a "lightning-rod" to redirect fiscal criticism away from MacArthur and chose to keep a low profile.
Dodge was the first of three children born to Joseph Cheeseman Dodge, a poster artist, and Gertrude Hester Crow. He grew up with his brother and sister on middle-class Kirby Street in Detroit, Michigan. Inspired by the hiking and camping trips his father often took him on, Dodge's earliest ambition was to be a forest ranger. His mother knew better stating, "I'm sure Joseph is going to be a banker. He is the only boy of his age who doesn't like to get his hands dirty." After graduating from Detroit Central High School in 1908, Dodge worked at the Standard Accident Insurance Company as a clerk until 1909, when he began work at the Central Savings Bank. He quickly rose through the ranks, starting as a messenger boy, then bookkeeper (while teaching himself accounting), then Michigan's youngest state bank examiner (at age 20). For five years Dodge excelled at his post so well as to attract the attention of Bank Commissioner Edward Doyle, who appointed him as his assistant.
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