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McAdoo, William Gibbs
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McAdoo, William Gibbs (1863-1941)

US Democratic politician. As secretary to the Treasury 1913-19, he was responsible for far-reaching financial reforms, such as the Federal Reserve Banking Act and the introduction of the Liberty Loans system, which provided for the huge US war expenditure.

McAdoo was born in Georgia. He rose to become a prominent figure in the Democratic Party, and in 1924 he came close to capturing the Democratic presidential nomination. He was senator from California 1933-39.
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