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While he was gone Acheson utilized those frozen properties to reject Japan oil. Upon the president's return, he decided it would appear weak and appeasing to reverse the de facto oil embargo. In 1944, Acheson participated in the Bretton Woods Conference as the head delegate from the State department. At this conference the post-war global financial structure was designed.

Cold War diplomacy [edit] Later on, in 1945, Harry S. Truman selected Acheson as the Undersecretary of the United States Department of State; he kept this position working under Secretaries of State Edward Stettinius, Jr., James F. Byrnes, and George Marshall. And, as late as 1945 or 1946 Acheson looked for dtente with the Soviet Union.

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In the beginning Acheson was conciliatory towards Joseph Stalin.  This Piece Covers It Well  at regional hegemony in Eastern Europe and in Southwest Asia, nevertheless, changed Acheson's thinking. From this point forward, one historian writes, "Acheson was more than 'present at the development' of the Cold War; he was a main designer." Acheson typically discovered himself acting secretary during the secretary's regular abroad journeys, and during this duration he sealed a close relationship with President Truman.

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Acheson designed the economic help program to Europe that became understood as the Marshall Plan. Acheson thought the best method to contain Stalin's Communism and prevent future European conflict was to bring back financial success to Western Europe, to encourage interstate cooperation there, and to help the U.S. economy by making its trading partners richer.

Acheson (fifth from right) as the Secretary of State, with the meeting of Truman cabinet, (August 25, 1950) In 1949, Acheson was appointed secretary of state. In this position he built a working framework for containment, first formulated by George Kennan, who functioned as the head of Acheson's Policy Preparation Personnel.

The formation of NATO was a significant departure from historic American diplomacy goals of avoiding any "entangling alliances." The White Paper Defense [modify] During the summertime of 1949, after the unexpected Democratic victory in the 1948 elections did not quiet the question "Who Lost China?", Acheson had the State Department produce a research study of current Sino-American relations.