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Owen Daniel 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.[1] He is best known for his SRC diplomacy and for founding the Radio Corporation of America. Young founded RCA
RCA
as a subsidiary of General Electric in 1919; he became its first chairman and continued in that position until 1929.

Contents

1 Biography

1.1 Children 1.2 Education 1.3 Career 1.4 Retirement

2 Legacy 3 See also 4 References 5 Notes 6 External links

Biography[edit] Owen D. Young
Owen D. Young
was born on October 27, 1874 on a small farmhouse in Stark, New York. His parents’ names were Jacob Smith Young and Ida Brandow and they worked the farm that his grandfather owned. Owen was an only child, his parents lost their first born son before he was born, and his birth was something rejoiced. He was the first male of the family to have a name that was not biblical since they had first arrived in 1750, driven from the Palatinate on the Rhine in Germany
Germany
by constant war and religious persecution.[2] They were taken in by the Protestant
Protestant
Queen Anne in England, sent to New York in 1710 to act to provide naval stores for the British fleet along the Hudson River, and eventually moving north and west, taking land from the Native Americans before settling along the Mohawk. The ‘D’ in his name was more for adornment than anything else, and so does not stand for anything. Owen went to school for the first time in the spring of 1881. He was six years old, and had always been inclined to books and studying. He had a teacher, Menzo McEwan, who taught him for years, and would eventually be responsible for Owen going to East Springfield, one of the few secondary schools that he could afford. Of course, it was not too close to Van Hornesville, which had few secondary education opportunities near it. This took him away from the farm, where his help was needed, but his parents supported his pursuit of education to the point of later mortgaging the farm to send him to St. Lawrence University at Canton, New York.[3] He married Josephine Sheldon Edmonds (1870-1935) on June 13, 1898 in Southbridge, Massachusetts. Following the death of his first wife in February 1937, he married Louise Powis Clark (1887–1965), a widow with three children.[4] Children[edit]

Charles Jacob Young (December 17, 1899 – October 2, 1987), Scientist and inventor at RCA John Young (August 13, 1902 – August 21, 1926), (killed in a train accident) Josephine Young (February 16, 1907 – January 8, 1990), who became a poet and novelist, writing as Josephine Young Case Philip Young (May 9, 1910 – January 15, 1987), who became Dean of the Columbia Business School
Columbia Business School
(1948-1953), Chairman of the Civil Service Commission (1953–1957), and United States
United States
Ambassador to the Netherlands (1957-1960) Richard Young (June 23, 1919 – November 18, 2011), Attorney, expert on international and maritime law, and law professor

Education[edit] East Springfield Academy was small coeducational school and Young greatly enjoyed his time there,[5] making lifelong friends, and he tried to attend all of the reunions. St. Lawrence was a small institute struggling to survive and in serious need of both money and students and Owen Young was a good candidate. It was still expensive enough to cause some hesitance, however. With his father getting on in years, Owen was needed on the farm more than ever. His parents were eventually convinced by the president of the college. It was there that Young was able to grow as a person in both his education and his faith. He discovered Universalism, which allowed for more intellectual freedom, separate from the gloom and hellfire permeating other Christian sects. Young remained a student from September, 1890 before becoming an 1894 graduate of St. Lawrence University, on June 27. He completed the three-year law course at Boston University
Boston University
in two years, graduating cum laude in 1896. 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. During college, he not only became a brother of the Beta Theta Pi
Beta Theta Pi
fraternity, but he also met his future wife Josephine Sheldon Edmonds, an 1886 Radcliffe graduate. He married her in 1898, and she eventual bore him five children. Career[edit] Young represented Stone and Webster
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. 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. He became GE's president in 1922 and then in the same year was appointed inaugural 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. In 1919, at the request of the government, he created the Radio Corporation of America (RCA) to combat the threat of English control over the world’s radio communications against America's struggling radio industry. He became its augmentation chairman and served in that position until 1929, helping to establish America's lead in the burgeoning technology of radio, making RCA
RCA
the largest radio company in the world. (Doenecke)[6] In 1928, he was appointed to the board of trustees of the Rockefeller Foundation
Rockefeller Foundation
under a major reorganization of that institution, serving on that board also up to 1939. Young's participation in President Woodrow Wilson's Second Industrial Conference following World War I
World War I
marked the beginning of his counseling of five U.S. presidents. In 1924, he coauthored the Dawes Plan, which provided for a reduction in the annual amount of German reparations. In the late 1920s investments fell, and Germany
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 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. He did not campaign actively, but his friends promoted his candidacy beginning in 1930 and at the 1932 Democratic National Convention. He was highly regarded by candidates Alfred E. Smith
Alfred E. Smith
and Franklin D. Roosevelt, and some convention observers speculated that they would support Young in the event of a convention deadlock. Retirement[edit]

Owen D. Young
Owen D. Young
Central School in Van Hornesville, New York

In 1930, he built the Van Hornesville, New York, Central School in his hometown to consolidate all the small rural schools in the area. In 1963, it was renamed Owen D. Young
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. The main library of the University is named in his honor. In 1939 he retired to the family farm, where he began dairy farming. He died at his winter home on July 11, 1962 in St. Augustine, Florida. He had been in poor health for several months prior.[1] Legacy[edit] 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. Then, New York Governor Thomas E. Dewey
Thomas E. Dewey
called upon him to head the state commission that laid the groundwork for the State University of New York system. 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. He was inducted into the Junior Achievement U.S. Business Hall of Fame in 1981. See also[edit]

Business portal

List of St. Lawrence University
St. Lawrence University
people List of covers of Time magazine (1920s)
List of covers of Time magazine (1920s)
/ (1930s) List of Unitarians, Universalists, and Unitarian Universalists List of University of Florida honorary degree recipients List of Boston University
Boston University
School of Law alumni List of Beta Theta Pi
Beta Theta Pi
members List of commencement speakers at Harvard University

References[edit]

Tarbell, Ida M. (1932). Owen D. Young: A new type of industrial leader. Macmillan Company. ISBN 0-518-19069-2.  Case, Josephine Young (1982). Owen D. Young
Owen D. Young
and American enterprise: A biography. D.R. Godine. ISBN 0-87923-360-5.  Szladits, Lola L. (1974). Owen D. Young. Readex Books. ISBN 0-87104-253-3.  Hammond, John Winthrop. Men and Volts, the Story of General Electric, published 1941. Citations: came to Schenectady
Schenectady
– 360; Chairman of the Board – 382; retired in 1939 – 394; General Counsel 359,381; Report to Temporary National Economic Committee – 397.

Notes[edit]

^ a b "Owen D. Young, 87, Industrialist, Dies. Owen D. Young, 87, Ex-G.E. Head, Dies". New York Times. July 12, 1962.  ^ Case, Josephine Young (1982). Owen D. Young
Owen D. Young
and American Enterprise: A Biography. Boston: D.R. Godine. p. 3. ISBN 0-87923-360-5.  ^ "Owen D. Young". Past Leaders. General Electrics. Retrieved 6 November 2013.  ^ http://www.dupagehistory.org/dupage_roots/Wayne_21.htm ^ Case, Josephine Young (1982). Owen D. Young
Owen D. Young
and American Enterprise: A Biography. Boston: D.R. Godine. p. 12. ISBN 0-87923-360-5.  ^ Doenecke, Justus D. "Young, Owen D". American National Biography Online. American National Biography Online. Retrieved October 9, 2013. 

External links[edit]

Wikimedia Commons has media related to Owen D. Young.

Biography of Owen D. Young
Owen D. Young
on the GE website A biography of Owen D. Young
Owen D. Young
on the American National Biography Online website Global Banking: The Bank For International Settlements (BIS) An October, 2005 study on the influence of Young in the formation of the BIS.

Business positions

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

Awards and achievements

Preceded by Harry S. New Cover of Time Magazine 23 February 1925 Succeeded by Amy Lowell

v t e

Time Persons of the Year

1927–1950

Charles Lindbergh
Charles Lindbergh
(1927) Walter Chrysler
Walter Chrysler
(1928) Owen D. Young
Owen D. Young
(1929) Mohandas Gandhi (1930) Pierre Laval
Pierre Laval
(1931) Franklin D. Roosevelt
Franklin D. Roosevelt
(1932) Hugh S. Johnson
Hugh S. Johnson
(1933) Franklin D. Roosevelt
Franklin D. Roosevelt
(1934) Haile Selassie
Haile Selassie
(1935) Wallis Simpson
Wallis Simpson
(1936) Chiang Kai-shek
Chiang Kai-shek
/ Soong Mei-ling
Soong Mei-ling
(1937) Adolf Hitler
Adolf Hitler
(1938) Joseph Stalin
Joseph Stalin
(1939) Winston Churchill
Winston Churchill
(1940) Franklin D. Roosevelt
Franklin D. Roosevelt
(1941) Joseph Stalin
Joseph Stalin
(1942) George Marshall
George Marshall
(1943) Dwight D. Eisenhower
Dwight D. Eisenhower
(1944) Harry S. Truman
Harry S. Truman
(1945) James F. Byrnes
James F. Byrnes
(1946) George Marshall
George Marshall
(1947) Harry S. Truman
Harry S. Truman
(1948) Winston Churchill
Winston Churchill
(1949) The American Fighting-Man (1950)

1951–1975

Mohammed Mosaddeq (1951) Elizabeth II
Elizabeth II
(1952) Konrad Adenauer
Konrad Adenauer
(1953) John Foster Dulles
John Foster Dulles
(1954) Harlow Curtice
Harlow Curtice
(1955) Hungarian Freedom Fighters (1956) Nikita Khrushchev
Nikita Khrushchev
(1957) Charles de Gaulle
Charles de Gaulle
(1958) Dwight D. Eisenhower
Dwight D. Eisenhower
(1959) U.S. Scientists: George Beadle / Charles Draper / John Enders / Donald A. Glaser / Joshua Lederberg
Joshua Lederberg
/ Willard Libby
Willard Libby
/ Linus Pauling
Linus Pauling
/ Edward Purcell / Isidor Rabi / Emilio Segrè
Emilio Segrè
/ William Shockley
William Shockley
/ Edward Teller / Charles Townes / James Van Allen
James Van Allen
/ Robert Woodward (1960) John F. Kennedy
John F. Kennedy
(1961) Pope John XXIII
Pope John XXIII
(1962) Martin Luther King Jr.
Martin Luther King Jr.
(1963) Lyndon B. Johnson
Lyndon B. Johnson
(1964) William Westmoreland
William Westmoreland
(1965) The Generation Twenty-Five and Under (1966) Lyndon B. Johnson
Lyndon B. Johnson
(1967) The Apollo 8
Apollo 8
Astronauts: William Anders
William Anders
/ Frank Borman
Frank Borman
/ Jim Lovell (1968) The Middle Americans (1969) Willy Brandt
Willy Brandt
(1970) Richard Nixon
Richard Nixon
(1971) Henry Kissinger
Henry Kissinger
/ Richard Nixon
Richard Nixon
(1972) John Sirica
John Sirica
(1973) King Faisal (1974) American Women: Susan Brownmiller / Kathleen Byerly
Kathleen Byerly
/ Alison Cheek / Jill Conway / Betty Ford
Betty Ford
/ Ella Grasso / Carla Hills / Barbara Jordan / Billie Jean King
Billie Jean King
/ Susie Sharp / Carol Sutton / Addie Wyatt (1975)

1976–2000

Jimmy Carter
Jimmy Carter
(1976) Anwar Sadat
Anwar Sadat
(1977) Deng Xiaoping
Deng Xiaoping
(1978) Ayatollah Khomeini (1979) Ronald Reagan
Ronald Reagan
(1980) Lech Wałęsa
Lech Wałęsa
(1981) The Computer (1982) Ronald Reagan
Ronald Reagan
/ Yuri Andropov
Yuri Andropov
(1983) Peter Ueberroth
Peter Ueberroth
(1984) Deng Xiaoping
Deng Xiaoping
(1985) Corazon Aquino
Corazon Aquino
(1986) Mikhail Gorbachev
Mikhail Gorbachev
(1987) The Endangered Earth (1988) Mikhail Gorbachev
Mikhail Gorbachev
(1989) George H. W. Bush
George H. W. Bush
(1990) Ted Turner
Ted Turner
(1991) Bill Clinton
Bill Clinton
(1992) The Peacemakers: Yasser Arafat
Yasser Arafat
/ F. W. de Klerk
F. W. de Klerk
/ Nelson Mandela
Nelson Mandela
/ Yitzhak Rabin
Yitzhak Rabin
(1993) Pope John Paul II
Pope John Paul II
(1994) Newt Gingrich
Newt Gingrich
(1995) David Ho
David Ho
(1996) Andrew Grove
Andrew Grove
(1997) Bill Clinton
Bill Clinton
/ Ken Starr
Ken Starr
(1998) Jeffrey P. Bezos (1999) George W. Bush
George W. Bush
(2000)

2001–present

Rudolph Giuliani (2001) The Whistleblowers: Cynthia Cooper / Coleen Rowley
Coleen Rowley
/ Sherron Watkins (2002) The American Soldier (2003) George W. Bush
George W. Bush
(2004) The Good Samaritans: Bono
Bono
/ Bill Gates
Bill Gates
/ Melinda Gates
Melinda Gates
(2005) You (2006) Vladimir Putin
Vladimir Putin
(2007) Barack Obama
Barack Obama
(2008) Ben Bernanke
Ben Bernanke
(2009) Mark Zuckerberg
Mark Zuckerberg
(2010) The Protester (2011) Barack Obama
Barack Obama
(2012) Pope Francis
Pope Francis
(2013) Ebola Fighters: Dr. Jerry Brown / Dr. Kent Brantly
Kent Brantly
/ Ella Watson-Stryker / Foday Gollah / Salome Karwah
Salome Karwah
(2014) Angela Merkel
Angela Merkel
(2015) Donald Trump
Donald Trump
(2016) The Silence Breakers (2017)

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WorldCat Identities VIAF: 45098619 LCCN: n80149451 ISNI: 0000 0000 8224 1318 GND: 118808176 SUDOC: 156251310 BNF: cb10340199p (da

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