In one heavy stroke of the pen the President made one of the most thoroughgoing Government reorganizations in New Deal history. He abolished the Lend-Lease Administration (Edward R. Stettinius), the Office of Foreign Relief and Rehabilitation Operations (Herbert Lehman), the Office of Economic Warfare (Leo Crowley), and the Office of Foreign Economic Coordination (Assistant Secretary of State Dean Acheson).
In their place the President set up the Foreign Economic Administration, put in shrewd, ambitious Leo Crowley as its head. Leonine Leo also took authority over RFC subsidiaries dealing with foreign economic problems...
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