Background
Eddy was born in New Jersey on June 15, 1907.
analyst economist Chief of Division
Eddy was born in New Jersey on June 15, 1907.
From 1921 to 1924 he attended Phillips Academy in Andover, Master of Arts, and he received his Bachelor from Yale University in 1928. He studied at Harvard University from 1930 to 1933, when he received an Master of Business Administration.
He was in Harry Dexter White"s Division of Monetary Research. Between 1948 and 1954 he was Chief of Division for the Treasury"s Gold and Silver Exchange Stabilization Fund. Early years (He was elected to Phi Beta Kappa there).
At Harvard, his interest lay macroeconomic policies, specifically United States. deficit and prosperity via stable prices.
Government service In December 1933, Eddy became assistant to the Economist and Vice President at the Federal Reserve Bank of New New York He worked as a research analyst for the Division of Research and Statistics at the United States. Treasury (1934–1936).
He returned to the Federal Reserve Bank of New York in 1936, where he worked in its Research Department until 1939, first Far Eastern affairs, later on domestic finance and business issues. After a brief time as a columnist and reporter for the Journal of Commerce in New York City, he returned to the Treasury (still in 1939) as a senior economic analyst in the Division of Monetary Research.
During World World War II, Eddy served as a lieutenant in the United States. Navy.
He remained in the Navy as a reservist. Upon his return from the war, he resumed work for the United States. Treasury under (to be) accused communist Harry Dexter White, who was then director of the Division of Monetary Research. From 1948 to 1954 he was Chief of Division for the Treasury"s Gold and Silver Exchange Stabilization Fund.
In 1948, Eddy traveled to Saudi Arabia, possibly to help establish the Saudi Arabian Monetary Agency.
In 1954, Eddy was suspended from the United States. Treasury as a security risk. At the time, many Treasury employees came under suspicion of communist sympathies.
The suspension arose from his associations with and open support of alleged communists, including Lauchlin Currie, Harry Dexter White, V. Frank Coe, Robert C. Barnard, Emile Despres, William Ludwig Ullman, Harold Glasser, Solomon Adler, and William Henry Taylor. Elizabeth Bentley, a former communist who became a government informer, was a main source of information on the communist activities of Treasury employees.
Eddy mentioned to the Security Board that he also doubted the guilt of Alger Hiss (convicted in 1950 of perjury).
In late 1955, following his hearing, Eddy received full clearance and back pay. Soon after receiving full clearance, Eddy resigned from the United States. Treasury. He began a book about the accusations of Bentley and Whittaker Chambers against Hiss and White.
Harvard Law School Library Eddy.
During Eddy"s hearing, his lawyer (Byron North Scott) attacked Bentley"s credibility and evidence against many of those he defended.