George Shultz

George Pratt Shultz

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President Nixon signing Executive Order 11491, with labor leaders - NARA - 194659

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President Nixon meeting with economic advisors and Cabinet members - NARA - 194579

President Ronald Reagan walking with George Shultz outside the Oval Office

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Nancy Reagan, Polish President, First Lady, George Shultz July 17, 2007

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Secretary Pompeo Attends Lunch with Former Secretaries Rice and Shultz (49381967922)

George Pratt Shultz (December 13, 1920 – February 6, 2021) was an influential American economist, politician, and businessman. He served under three different presidents in various capacities, most notably as the United States Secretary of State under President Ronald Reagan from 1982 to 1989. Shultz played a pivotal role in shaping U.S. foreign policy during the late Cold War era, advocating for diplomatic solutions to international conflicts and promoting the idea of "constructive engagement."

Early Life and Education

George Shultz was born in New York City, New York, to Margaret Lennox Pratt and Birl Earl Shultz. He grew up in Englewood, New Jersey, and attended the local public schools. Shultz went on to earn a bachelor's degree in economics from Princeton University in 1942. After completing his undergraduate studies, he joined the United States Marine Corps, serving during World War II. Following his military service, Shultz pursued further education at the Massachusetts Institute of Technology (MIT), where he earned a Ph.D. in industrial economics in 1949.

Career

Shultz's career spanned academia, government, and the private sector. He began his career as a faculty member at MIT, where he focused on labor economics. In 1957, he moved to the University of Chicago, joining its School of Business (now known as the Booth School of Business) and becoming a prominent member of the Chicago School of Economics.

In the realm of public service, Shultz held several key positions. Under President Richard Nixon, he served as the United States Secretary of Labor (1969–1970), Director of the Office of Management and Budget (1970–1972), and United States Secretary of the Treasury (1972–1974). During his tenure in these roles, Shultz was involved in significant policy decisions, including efforts to combat inflation and the implementation of wage and price controls.

Shultz's most notable government role came under President Ronald Reagan, when he was appointed Secretary of State. During his tenure, Shultz was instrumental in navigating the complexities of the Cold War, promoting arms control negotiations with the Soviet Union, and facilitating the dialogue that eventually led to the end of the conflict. He was a strong advocate for human rights and played a key role in the Reagan administration's efforts to combat terrorism.

After leaving government service in 1989, Shultz returned to private life, engaging in various business and academic pursuits. He became a distinguished fellow at the Hoover Institution at Stanford University, where he contributed to discussions on foreign policy, national security, and economics.

Legacy

George Shultz's legacy is marked by his contributions to U.S. foreign and domestic policy. His efforts to promote peace and stability during a tumultuous period of world history, his advocacy for economic policies that fostered growth and stability, and his commitment to public service have left an indelible mark on the United States and the world.

Death

George Shultz passed away on February 6, 2021, at the age of 100. His death was mourned by many who recognized his significant contributions to American public life and international diplomacy.