| Events in the Life of William McChesney Martin Jr. |
U.S. Treasury
1949-1951 |
| February 8, 1949 | William McChesney Martin Jr. is sworn in as the Assistant Secretary of the Treasury for International Affairs. |
| May 23, 1949 | The Federal Republic of Germany is established. |
| April 4, 1949 | North American Treaty Organization (NATO) is formed, establishing a system of collaborative defense by member nations. |
| June 8, 1949 | George Orwell's book, 1984, is published. |
| October 1, 1949 | Mao Tse-tung overthrows Chiang Kai-shek and the Nationalist Chinese Government. He proclaims the People's Republic of China. |
| June 28, 1950 | North Korean forces invade South Korea. |
| October 2, 1950 | The comic strip "Peanuts," by Charles Schultz, is published. |
| January 9, 1951 | The United Nations headquarters officially opens in New York. |
| March 4, 1951 | The Federal Reserve and the Treasury Department release a joint announcement that comes to be known as the Treasury–Federal Reserve Accord. It allows the Federal Reserve to operate independently to create monetary policy. |
| March 21, 1951 | William McChesney Martin Jr. is confirmed as Chairman of the Board of Governors of the Federal Reserve System. He serves until January 30, 1970. |
