Gerard Swope

At General Electric, Swope implemented numerous labor reforms, making conditions better for employees with voluntary unemployment insurance, profit-sharing, and other programs that were considered radical in their day.

Swope increased sales and overall efficiency (economics), earning high profits and market share and focused on employee training, retention, and loyalty.

Swope was Assistant Secretary of the Treasury in 1942, when he was chairman of the committee to Study Budgets of Relief Appeals for Foreign Countries.

[5] In 1949, Swope made his first visit to Israel at the suggestion of friends who were active in the Palestine Economic Corporation.

[9] President Herbert Hoover, who strongly supported voluntary trade associations, denounced the plan for being compulsory, inefficient, and monopolistic.

The original draft of the act grew out of the so-called Gerard Swope plan for Recovery.