Owen D. Young

Nationality

U.S.A.

Date of Birth

1874

Date of Death

1962

Political
Preference

Democratic Party

Young was a seasoned American industrialist, businessman, lawyer and diplomat. He founded Radio Corporation of America in 1919, which he would head until 1929. In the wake of the First World War he counselled President Woodrow Wilson. In 1929 he came up with what is now known as the ‘Young Plan’, which sought to prevent the social and economic collapse of the German (and world) economic system by reducing Germany’s payment obligations that it had induced from the peace settlement of Versailles. In 1947, Young served as the President’s Committee on Foreign Aid’s chairman of the Economic and Financial analysis subcommittee.