About William E. Simon
William Edward Simon (November 27, 1927 – June 3, 2000) was an American businessman and philanthropist who served as the 63rd United States Secretary of the Treasury. He became the Secretary of the Treasury on May 9, 1974, during the Nixon administration. After Nixon resigned, Simon was reappointed by President Gerald Ford and served until 1977 when President Jimmy Carter took office. Outside of government, he was a successful businessman and philanthropist. The William E. Simon Foundation carries on this legacy. He styled himself as a strong advocate of laissez-faire capitalism. He wrote, "There is only one social system that reflects the sovereignty of the individual: the free-market, or capitalist, system". == Early life and career == Simon was born in Paterson, New Jersey, on November 27, 1927, the son of Eleanor (née Kearns) and Charles Simon Jr., an insurance executive. He attended Blair Academy and graduated from Newark Academy, where he focused more on sports than scholastic pursuits. After service in the infantry of the United States Army, he received his B.A. in 1952 from Lafayette College in Easton, Pennsylvania, where he was a member of Delta Kappa Epsilon fraternity (Rho Chapter).
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