Baruch, Bernard M.
Baruch, Bernard M. (1870–1965), financier and political adviser.In matters of war and national security, Baruch was a major administrator during World War I, an important influence on Democratic congressional leaders from 1918 to 1948, and an intermittent consultant to Democratic presidents. Son of a German Jewish immigrant and his southern wife, Baruch was born in Camden, South Carolina, but moved with his family to New York City, where he graduated from City College in 1889. Successful on Wall Street, he was a millionaire by the age of thirty.
Baruch became a friend of Woodrow Wilson and many Democrats in Congress. In World War I, Wilson appointed Baruch to several mobilization posts, most importantly (1918) chair of the War Industries Board (WIB), then designated the major civilian agency for industrial mobilization. Not the “czar” described in the press, Baruch worked...
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