William Gibbs McAdoo | |
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46th United States Secretary of the Treasury | |
In office March 6, 1913 – December 15, 1918 |
|
President | Woodrow Wilson |
Preceded by | Franklin MacVeagh |
Succeeded by | Carter Glass |
United States Senator from California |
|
In office March 4, 1933 – November 8, 1938 |
|
Preceded by | Samuel M. Shortridge |
Succeeded by | Thomas M. Storke |
Personal details | |
Born |
William Gibbs McAdoo, Jr. October 31, 1863 Marietta, Georgia, U.S. |
Died | February 1, 1941 Washington, D.C., U.S. |
(aged 77)
Resting place | Arlington National Cemetery in Arlington, Virginia, U.S. |
Political party | Democratic |
Spouse(s) | Sarah Hazelhurst Fleming (1885 – 1912; her death) Eleanor Randolph Wilson (1914 – 1934, divorced) Doris Isabel Cross (1935 – 1941; his death) |
Children | Ellen Wilson McAdoo Mary Faith McAdoo Francis Huger McAdoo Harriet Floyd McAdoo Nona Hazelhurst McAdoo Sarah Fleming McAdoo William Gibbs McAdoo III Julia Hazelhurst McAdoo Robert Hazelhurst McAdoo |
Parents | William Gibbs McAdoo, Sr. Mary Faith Floyd McAdoo |
Alma mater | University of Tennessee |
Profession | Politician, Lawyer |
Religion | Episcopalian |
William Gibbs McAdoo, Jr./ˈmækəˌduː/ (October 31, 1863 – February 1, 1941) was an American lawyer and statesman. A political progressive, McAdoo was a leader of the Progressive movement who played a major role in the administration of President Woodrow Wilson. He was Wilson's campaign manager in 1912; he married Wilson's daughter, and served as his secretary of the Treasury. He was primarily responsible for financing the American side of World War I, providing large loans to the Allies, and running the railroad system inside the United States. He was a leading contender for his party's presidential nomination in 1920 and 1924 and served as senator from California as a Democrat.
McAdoo was born during the middle of the Civil War in Marietta, Georgia, the son of author Mary Faith Floyd (1832–1913) and attorney William Gibbs McAdoo, Sr. (1820–1894). His uncle, John David McAdoo, was a Confederate general and a justice on the Texas Supreme Court. McAdoo attended rural schools until his family moved to Knoxville, Tennessee, in 1877, when his father became a professor at the University of Tennessee.
He graduated from the University of Tennessee and was a member of the Lambda Chapter of Kappa Sigma Fraternity. He was appointed deputy clerk of the United States District Court for the Eastern District of Tennessee in 1882. He married his first wife, Sarah Hazelhurst Fleming, on November 18, 1885. They had seven children: Harriet Floyd McAdoo, Francis Huger McAdoo, Julia Hazelhurst McAdoo, Nona Hazelhurst McAdoo, William Gibbs MacAdoo III, Robert Hazelhurst McAdoo, and Sarah Fleming McAdoo.
He was admitted to the bar in Tennessee in 1885 and set up a practice in Chattanooga, Tennessee. In the early 1890s, he lost most of his money trying to electrify the Knoxville Street Railroad system. In 1892 he moved to New York City, where he met Francis R. Pemberton, son of the Confederate General John C. Pemberton. They formed a firm, Pemberton and McAdoo, to sell investment securities.