Dillon, Clarence Douglas

Clarence Dillon was born in Geneva , Switzerland . His paternal grandfather was a poor Jewish immigrant from Poland, his wife from a family of immigrants from Sweden. Dillon's father became co-owner of Dillon Investment Bank , Read & Co. His wife, Ann Douglass, is from a family of immigrants from Scotland.

He received his primary education in Lakehurst, New Jersey, where three brothers from the Rockefeller family, Nelson , Lawrence and John, also studied. In 1931, Dillon at Harvard University received a bachelor of arts degree in American history and literature ^{[1] [2]} .

In 1938, Clarence Dillon was promoted to vice president at Dillon Investment Bank , Read & Co. During the Second World War he served in the Navy in Guam , Saipan and the Philippines , after the war he retired in the rank of lieutenant commander ^[3] .

In 1953, President Eisenhower appointed Dillon as US ambassador to France. In 1958, he became Under Secretary of State for Economic Affairs ^[4] . In 1959-1961, Deputy State Secretary.

In 1961, President John F. Kennedy approved the policy for the post of Minister of Finance . In this position, Dillon proposed the fifth round in the discussion of the General Agreement on Tariffs and Trade . Also, in 1962, he played an important role in the preparation of the law "On Income", which established a 7 percent tax credit to stimulate industrial growth. From 1972 to 1975, Dillon managed the Rockefeller Foundation .

• Order "Legion of Honor"
• Air Medal (USA)
• Presidential Medal of Freedom