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Young as Man of the Year
Young as Man of the Year

Owen D. Person of the Year (formerly Man of the Year) is an annual issue of the United States Newsmagazine Time that features and profiles Young (October 27, 1874 - July 11, 1962) was an American industrialist, businessman, lawyer and diplomat at the Second Reparations Conference (SRC) in 1929, as a member of the German Reparations International Commission. Events 312 - Constantine the Great is said to have received his famous Vision of the Cross. Year 1874 ( MDCCCLXXIV) was a Common year starting on Thursday (link will display the full calendar of the Gregorian calendar (or a Common Events 911 - Signing of the Treaty of Saint-Clair-sur-Epte between Charles the Simple and Rollo of Normandy. Year 1962 ( MCMLXII) was a Common year starting on Monday (the link is to a full 1962 calendar of the Gregorian calendar. A business magnate, sometimes referred to as a mogul, tycoon, baron, or industrialist, is a person who has reached a prominent place in

He is best known for his SRC diplomacy and for founding the Radio Corporation of America. RCA Corporation, founded as Radio Corporation of America, was an electronics company in existence from 1919 to 1986 Young founded RCA as a subsidiary of General Electric in 1919; he became its first chairman and continued in that position until 1929.

Contents

Biography

Owen D. Young [1] was born in 1874 in Stark, Herkimer County, New York. Stark is a Town in Herkimer County, New York, United States. The population was 767 at the 2000 census Herkimer County is a County located in the US state of New York. An 1894 graduate of St. Lawrence University, he completed the three-year law course at Boston University in two years, graduating cum laude in 1896. St Lawrence University is a private four-year liberal arts college located in the village of Canton in Saint Lawrence County New York. For similarly-named academic institutions see Education in Boston MA. Latin honors are Latin phrases used to indicate the level of academic distinction with which an Academic degree was earned After graduation he joined lawyer Charles H. Tyler and ten years later became a partner in that Boston law firm. They were involved in litigation cases between major companies.

Young represented Stone and Webster in a successful case against GE around 1911 and through that case came to the attention of Charles A. Coffin, the first president of General Electric. Stone & Webster was founded as an electrical testing lab and consulting firm by electrical engineers Charles Stone and Edwin Webster in 1889 Charles Albert Coffin ( Fairfield Maine, 31 December 1844-14 July 1926 was the first President of General Electric corporation After the death of GE's General Counsel Hinsdill Parsons in April 1912, Coffin invited Young to become the company's Chief Counsel and Young moved to Schenectady. Schenectady (skəˈnɛktədi Θkahnéhtati in Tuscarora) is a City in Schenectady County, New York, United States He became GE's president in 1922 and then in the same year was appointed chairman, serving in that position until 1939. Under his guidance and teaming with president Gerard Swope, GE shifted into the extensive manufacturing of home electrical appliances, establishing the company as a leader in this field and speeding the mass electrification of farms, factories and transportation systems within the US. Gerard Swope ( December 1, 1872 - November 20, 1957) was a US

In 1919, at the request of the government, he created the Radio Corporation of America (RCA) to combat threatened foreign control of America's struggling radio industry. RCA Corporation, founded as Radio Corporation of America, was an electronics company in existence from 1919 to 1986 He became its inaugural chairman and served in that position until 1929, helping to establish America's lead in the burgeoning technology of radio.

In the mid-1920s he helped found the National Broadcasting Company {NBC). The National Broadcasting Company ( NBC) is an American Television network headquartered in the GE Building in New York City's In 1928, he was appointed to the board of trustees of the Rockefeller Foundation under a major reorganization of that institution, serving on that board also up to 1939. The Rockefeller Foundation (RF is a prominent Philanthropic organization and Private foundation based at 420 Fifth Avenue New York City.

Young's participation in President Woodrow Wilson's Second Industrial Conference following World War I marked the beginning of his counseling of five U. Thomas Woodrow Wilson (December 28 1856—February 3 1924 was the twenty-eighth President of the United States. World War I (abbreviated WWI; also known as the First World War, the Great War, and the War to End All S. presidents. In 1924, he coauthored the Dawes Plan, which provided for a reduction in the annual amount of German reparations. The Dawes Plan (as proposed by the Dawes Committee chaired by Charles G In the late 1920s investments fell, and Germany again defaulted on its payments. In 1929 a new international body met to consider a program for the final release of German obligations; Young acted as chairman. Germany's total reparations were reduced and spread over 59 annual payments. After establishing this "Young Plan", Young was named Time Magazine's Man of the Year in 1929. The Young Plan was a program for settlement of German reparations debts after World War I. Time (trademarked in capitals as TIME) is a weekly American Newsmagazine, similar to Newsweek and Person of the Year (formerly Man of the Year) is an annual issue of the United States Newsmagazine Time that features and profiles [2] Unfortunately, the Young Plan collapsed with the coming of the Great Depression.

Young was also instrumental in plans for a state university system in New York.

In 1932, he was a candidate for the Democratic Presidential nomination which went to Franklin Roosevelt instead. The Democratic Party is one of two major Political parties in the United States, the other being the Republican Party. The President of the United States is the Head of state and Head of government of the United States and is the highest political official in United States by

Young and education

In 1930, he built the Van Hornesville, NY, Central School in his hometown to consolidate all the small rural schools in the area. Stark is a Town in Herkimer County, New York, United States. The population was 767 at the 2000 census In 1963, it was renamed Owen D. Young Central School in his honor. Long active in education, Young was a trustee of St. Lawrence University from 1912 to 1934, serving as president of the board the last 10 years.

In 1939 he retired to the family farm, where he began dairy farming. Year 1939 ( MCMXXXIX) was a Common year starting on Sunday (link will display the full calendar of the Gregorian calendar. More than 20 colleges awarded him honorary degrees. Long interested in education, he was a member of the New York State Board of Regents, governing body of New York's educational system, until 1946. Year 1946 ( MCMXLVI) was a Common year starting on Tuesday (link will display full 1946 calendar of the Gregorian calendar. Then, New York Governor Thomas E. Dewey called upon him to head the state commission that laid the groundwork for the State University of New York system. Thomas Edmund Dewey ( March 24, 1902 – March 16, 1971) was the Governor of New York (1943-1955 and the unsuccessful Republican Although the commission represented a wide range of views and opinions, Young achieved a surprising unanimity that resulted in a report containing recommendations adopted by the legislature.

Family

In 1898 he married Josephine Sheldon Edmonds (April 21, 1870 - June 25, 1935), an 1896 Radcliffe College graduate, who bore him five children:

Following the death of his first wife in February 1937, he married Louise Powis Clark (1887 - 19??), a widow with three children. Events 753 BC - Romulus and Remus found Rome ( traditional date) Year 1870 ( MDCCCLXX) was a Common year starting on Saturday (link will display the full calendar of the Gregorian calendar (or a Common Events 524 - Battle of Vézeronce, the Franks defeat the Burgundians Year 1935 ( MCMXXXV) was a Common year starting on Tuesday (link will display full calendar of the Gregorian calendar. Radcliffe College was a women's liberal arts college in Cambridge Massachusetts, and was the Coordinate college for Harvard University Speculative fiction is a term used as an inclusive descriptor covering a group of Fiction Genres that speculate about worlds that are unlike the real world in The United States Civil Service Commission was created by the Pendleton Civil Service Reform Act, which was passed into law on 16 January 1883.

Owen D. Young Central School in Van Hornesville, NY
Owen D. Young Central School in Van Hornesville, NY

See also

References

Notes

  1. ^ The "D" in his name signifies no particular name
  2. ^ The original TIME article

External links


Preceded by
Charles A. Coffin		 Chairman of General Electric
1922 – 1940		 Succeeded by
Philip D. Reed
Preceded by
Philip D. Reed		 Chairman of General Electric
1942 – 1945		 Succeeded by
Philip D. Reed
Persondata
NAME Young, Owen D. Charles Albert Coffin ( Fairfield Maine, 31 December 1844-14 July 1926 was the first President of General Electric corporation Philip D Reed (1899-1989 was president and chief executive officer of General Electric Company from 1940-1942 and 1945-1959 Philip D Reed (1899-1989 was president and chief executive officer of General Electric Company from 1940-1942 and 1945-1959 Philip D Reed (1899-1989 was president and chief executive officer of General Electric Company from 1940-1942 and 1945-1959
ALTERNATIVE NAMES
SHORT DESCRIPTION Businessman
DATE OF BIRTH October 27, 1874
PLACE OF BIRTH Van Hornesville, New York
DATE OF DEATH July 11, 1962
PLACE OF DEATH
Events 312 - Constantine the Great is said to have received his famous Vision of the Cross. Year 1874 ( MDCCCLXXIV) was a Common year starting on Thursday (link will display the full calendar of the Gregorian calendar (or a Common Stark is a Town in Herkimer County, New York, United States. The population was 767 at the 2000 census New York ( is a state in the Mid-Atlantic and Northeastern regions of the United States and is the nation's third most populous Events 911 - Signing of the Treaty of Saint-Clair-sur-Epte between Charles the Simple and Rollo of Normandy. Year 1962 ( MCMLXII) was a Common year starting on Monday (the link is to a full 1962 calendar of the Gregorian calendar.
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