Marion B. Folsom
Marion Bayard Folsom ( born November 23, 1893 in McRae, Telfair County, Georgia; † 27 September 1976) was an American businessman and politician. He was a member of the Cabinet of President Dwight D. Eisenhower as health, education and welfare minister.
Folsom made in 1912 graduated from the University of Georgia and graduated in 1914 from the Faculty of Business Administration at Harvard University. During World War II he served in the U.S. Army. He fought in France and brought it up to the Captain. In 1914, he had worked for Eastman Kodak; after his retirement from the military he returned to the company where he was assistant to the president in 1921. In the following years he rose to within the Group until in 1935 the post of Chief Financial Officer ( Treasurer ) took over, which he held until 1953.
Already at that time he was a staunch advocate of a federal system of social security. In 1934 he was part of a consultative body to the president for economic security, the following year he participated in the constitution of the Social Security Act with. From 1944 to 1946 he was staff director of a Special Committee of the U.S. House of Representatives on economic policy after the Second World War; thereafter he practiced 1947-1948 from the post of Vice Chairman of the advisory board of the President to the Merchant Navy.
1953 Folsom was appointed by President Eisenhower to the Under Secretary in the Ministry of Finance. In this position he was responsible for the first nationwide tax reform since 1874; during this time he was already working closely with Oveta Culp Hobby, the first health, education and welfare minister, together in matters of social security. After the resignation of Marion Folsom was appointed by the President as her successor.
As minister, he introduced a series of programs to improve the educational conditions, including the National Defense Education Act of 1958, the University of scholarships for students willing to put who wanted to pursue a career as a professor. He also supported the expansion in the field of medical research. Originally Folsom had wanted to direct the Ministry for only two years; ultimately he was a full three years until 31 July 1958 at office.
After his political career, he returned to Kodak, before he retired in 1964. Marion Folsom died in 1976 and was buried at Arlington National Cemetery.