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

In an oral history interview, Leon H. Keyserling said the New Deal's National Industrial Recovery Act "started as a trade association act. The original draft of the act grew out of the so-called Gerard Swope Plan for Recovery." When asked in November 1933 about an updated Swope Plan, President Roosevelt said, "Mr. Swope's plan is a very interesting theoretical suggestion in regard to some ultimate development of N.R.A."

Honors Hoover Medal, 1942 Legion of Honor (France) Order of the Rising Sun (Japan) Honorary doctorates from Rutgers, Union, Colgate, Stevens Institute of Technology, Washington University in St. Louis, and Haifa Institute of Technology.

References

Wikimedia Commons has media related to Gerard Swope.

↑ "GE Leadership | GE Executives | GE Management | General Electric". ↑ Irmer, Thomas. "Gerard Swope." In Immigrant Entrepreneurship: German-American Business Biographies, 1720 to the Present, vol. 4, edited by Jeffrey Fear. German Historical Institute. Last modified March 05, 2013. ↑ Richman, Sheldon, Libertarian Left Archived 2011-08-14 at the Wayback Machine, The American Conservative (March 2011) ↑ The Business Council, Official website, Background Archived March 3, 2016, at the Wayback Machine ↑ https://archive.nytimes.com/www.nytimes.com/learning/general/onthisday/bday/1201.html ↑ Book Rags, Gerald Swope Biography, available at www.bookrags.com. 1 2 "Gerard Swope Jr. Dies; Was Great Friend of Israel; Supported Technion". Jewish Telegraphic Agency. 1957-11-21. Retrieved 15 December 2023. ↑ "Forbes online article". Forbes. Archived from the original on July 12, 2005. Retrieved 2005-09-30.{{cite web}}: CS1 maint: bot: original URL status unknown (link) ↑ https://web.archive.org/web/20230729210554/https://www.lohud.com/story/news/local/westchester/ossining/2018/05/22/teatown-hikers-visitors-land-protected/632409002/ ↑ https://www.teatown.org/about/ ↑ Sutton, Antony (1975). Wall Street and FDR. New Rochelle: Arlington House. ISBN 9780870003288. ↑ Garraty, John (1986). The Great Depression. San Diego: Harcourt Brace Jovanovich. ISBN 0-15-136903-8, p. 149. ↑ Garraty (1986), p. 191 ↑ Hess, Jerry, "Oral History Interview with Leon H.