Everything about James Warburg totally explained
James Paul Warburg (
August 18, 1896 -
June 3, 1969) was an American banker and financial adviser to
Franklin D. Roosevelt. His father was the Jewish-German-American banker
Paul Moritz Warburg.
Born in
Hamburg, Warburg was educated at
Harvard University. He served in the
Navy Flying Corps during
World War I before entering a career in business. He was at the
First National Bank of Boston between 1919 and 1921. Between 1921 and 1929 he was Vice President at the
International Acceptance Bank. He was president at the
International Manhattan Company from 1929 to 1931, then president of the International Acceptance Bank from 1931 to 1932. He was Vice Chairman of the Board at the
Bank of Manhattan Company between 1932 and 1935.
While at the Bank of Manhattan, from 1932 to 1934, he became financial adviser to President Roosevelt. This included acting as financial adviser at the 1933 London
World Economic Conference.
Warburg left government in 1934, having come to oppose certain policies of the
New Deal. He was opposed to political '
isolationism' however, and re-entered government service in 1941 as Special Assistant to the
Coordinator of Information,
William Joseph Donovan. In 1942, when propaganda responsibilities were transferred to the
Office of War Information, he became its Overseas Branch Deputy Director.
In 1963, along with
Sears heir,
Philip Stern, he helped to found the
Washington-based
Institute for Policy Studies.
Warburg married the composer and musician
Kay Swift in
1918, but was divorced in
1935. Under the pseudonym
Paul James he wrote the lyrics to Swift's
1930 musical,
Fine and Dandy.
He has gained some notoriety for the following quote attributed to him: "We shall have World Government, whether or not we like it. The question is only whether world government will be achieved by consent or by conquest." (Feb. 17, 1950, to the
United States Senate Committee on Foreign Relations)
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