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Intro | American government official | |||
Places | United States of America | |||
was | Economist Politician | |||
Work field | Finance Politics | |||
Gender |
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Birth | 1895 | |||
Death | 1986 (aged 91 years) | |||
Education |
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Biography
Leon Henderson (1895–1986) was the administrator of the Office of Price Administration from 1941 to 1942.
Life and career
Henderson was born in Millville, New Jersey, where he attended Millville High School, and later Swarthmore College. He was an official of the Russell Sage Foundation from 1925 to 1934.
Henderson worked as an economic adviser in President Franklin Roosevelt's administration before he was appointed to the Securities and Exchange Commission in 1939. In 1941 he became head of the Office of Price Administration. His tenure there was controversial and he was deeply unpopular, especially with farmers. Edwin W. Pauley, secretary of the Democratic National Committee in 1942, listed five factors for Democratic losses in the 1942 election, and resentment of Leon Henderson was listed as one of the top five reasons for that defeat. As he wrote, "This was the most universal and serious complaint of all ... It appears from the letters that the complaint is directed rather at Mr. Henderson and his attitude and methods than at the abstract question of ... rationing and price control ..." Those losses ensured that no more New Deal social measures would be passed by the US during World War II, and that many of them would be repealed.
Henderson was replaced after the 1942 election and went into a career in business.
He died in 1986. Before his death, he personally donated many of his papers to the Franklin D. Roosevelt Presidential Library.