US Presidential Cabinet Secretary. He served as the 51st United States Secretary of the Treasury (1933) during the Administration of President Franklin D. Roosevelt. After graduating from Columbia University School of Mines, he joined the Jackson and Woodin Manufacturing Company (manufacturers of freight cars) and worked his way up the corporate ladder to become general superintendent. He was elevated to vice president in 1896 and following the company’s acquisition by the American Car and Foundry Company in 1899, he eventually became president. He served as the Director of the Federal Reserve Bank of New York from 1927 to 1932. A close friend of Franklin D. Roosevelt, Woodin became the US Secretary of the Treasury following the beginning of Roosevelt’s first term in 1933. Immediately, he confronted the daunting task of solving the financial crisis for which plagued the country since the start of “The Great Depression” (1929). Woodin was a key figure in the passage of the Banking Act of 1933, for which resulted in the establishment of the Federal Deposit Insurance Corporation (FDIC). This guaranteed that the federal government would insure account holders’ savings within a limit, thus restoring trust in the American banking system. Additionally, regulations were put in place for financial institutions to follow. He held the distinction of appearing on the front cover of a March 1933 issue of Time Magazine. Woodin resigned less than a year after taking the position due to poor health and died in 1934.

US Presidential Cabinet Secretary. He served as the 51st United States Secretary of the Treasury (1933) during the Administration of President Franklin D. Roosevelt. After graduating from Columbia University School of Mines, he joined the Jackson and Woodin Manufacturing Company (manufacturers of freight cars) and worked his way up the corporate ladder to become general superintendent. He was elevated to vice president in 1896 and following the company’s acquisition by the American Car and Foundry Company in 1899, he eventually became president. He served as the Director of the Federal Reserve Bank of New York from 1927 to 1932. A close friend of Franklin D. Roosevelt, Woodin became the US Secretary of the Treasury following the beginning of Roosevelt’s first term in 1933. Immediately, he confronted the daunting task of solving the financial crisis for which plagued the country since the start of “The Great Depression” (1929). Woodin was a key figure in the passage of the Banking Act of 1933, for which resulted in the establishment of the Federal Deposit Insurance Corporation (FDIC). This guaranteed that the federal government would insure account holders’ savings within a limit, thus restoring trust in the American banking system. Additionally, regulations were put in place for financial institutions to follow. He held the distinction of appearing on the front cover of a March 1933 issue of Time Magazine. Woodin resigned less than a year after taking the position due to poor health and died in 1934.

Bio by: C.S.