William L. Clayton Quotes


Before the war the trade agreements program was an instrument for defense against the epidemic of destructive and demoralizing trade warfare. Today, with the end of the great holocaust finally within sight, this same instrument is transformed into a powerful device for shaping a better world.


Citations

William L. Clayton, 1880-1966, Assistant Secretary of State, Testimony at House Ways and Means Committee, 1945

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Turgot was one of the most advanced economic thinkers in Europe and realized, even before most of the Americans, that by freeing itself England, that the Americans would be forced to become free traders and that in turn would make America a major Economic power despite the fact that American economic policy over the years vacillated between protectionism and free trade.


William L. Clayton
William L. Clayton
  • Born: February 7, 1880
  • Died: February 8, 1966
  • Nationality: American
  • Profession: Cotton Trader, Public Servant

William Lockhart "Will" Clayton was an American business leader and government official. Much of his business career centered on cotton trading. He and his three brothers-in-law formed a partnership that grew into the Anderson, Clayton and Company, at one time the world's largest cotton trading company. Politically aligned with the Democratic Party, he opposed some of President Franklin D. Roosevelt's agricultural policies. He repudiated his opposition after Roosevelt's Secretary of State Cordell Hull worked for a reciprocal trade agreement.