Economist Stuart Chase, of FDR Brian Trust, Dead At 97
REDDING, Conn. (AP) _ Economist Stuart Chase, a member of President Franklin Roosevelt’s ″brain trust″ who was credited with originating the term ″New Deal,″ has died at 97.
Chase died Saturday at his home following a brief illness, said his daughter, Sonia Hodson Enoch of Weatherford, Texas.
Chase published a book titled ″A New Deal″ in 1932, the year that Roosevelt was elected president. Roosevelt met with Chase to discuss the book, leading many people to believe that the president borrowed the name for his economic policies from the book’s title.
In all, Chase wrote 33 books on economics, social sciences and ecology. His first book, ″The Tragedy of Waste,″ attracted world attention and assessed the American industrial system.
Born on March 8, 1888, Chase graduated from Harvard College in 1910 and entered his father’s Boston accounting firm. During World War I, he was assigned by the Federal Trade Commission to investigate allegations of illegal practices in the meat-packing industry, known as the ″Beef Trust.″
He later served as an adviser to Roosevelt and was one of the last surviving members of the ″brain trust,″ the group of Roosevelt aides who helped shape the New Deal to lift the United States out of the Depression.
Chase had lived in Redding for 55 years and served on the town’s Planning Commision from 1956 until his death.
Besides his daughter, he is survived by his wife, Marian Tyler Chase; and his son, Robert H. Chase of Talent, Ore.
Both children were from his first marriage, to Margaret Hatfield, which ended in divorce in 1929.