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History of the Treasury
Secretaries of the Treasury
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Robert B. Anderson
(1957 - 1961)
Eisenhower appointed Robert B. Anderson (1910-1989),
formerly President Eisenhower's Secretary of the Navy (1953-1954) and Deputy
Secretary of Defense (1954-1955), Secretary of the Treasury in 1957. He
was financially  conservative, standing behind the Eisenhower
administration's desire to pare down the size of the government and balance
the budget in order to cut inflation and invigorate private enterprise.
He believed that the government could be run more efficiently by adopting
the policies and practices of private business.
Upon the retirement of Secretary of State John Foster
Dulles in 1959, Anderson became the cabinet "strongman." He fought for
a reduction in the U.S. trade deficit, insisting that the Allies remove
their quotas against the importation of American goods and assume a greater
share of the cost of defending their territories. Though he left office
in 1961 and returned to private business, Anderson remained an important
economic advisor to presidents John F. Kennedy and Lyndon B. Johnson.
About the Artist
Born in 1930, Nancy Lee Hersch studied at a number
of professional art schools and is a graduate of the Abbot School of Art
and Design in Washington, and holds a Master of Fine Arts degree in painting
from The American University. Her portraits are represented in both public
and private collections and are included in a number of prominent commissions
within the Washington metropolitan area. She has exhibited widely in a
variety of artistic mediums that include painting, printmaking and etching
at both individual and group shows, nationally as well as abroad. Hersch's
portrait of Robert B. Anderson was painted from life in 1960.
Office of the Curator
All rights reserved. 2001
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