Bernard Baruch, American businessman and philanthropist (d. 1965)
Bernard Mannes Baruch (August 19, 1870 – June 20, 1965) was an American financier and statesman.
According to historian Thomas A. Krueger:
For half a century Bernard Baruch was one of the country's richest and most powerful men. A great speculator, public official, presidential counselor, political benefactor, and indefatigable almoner, his public life provides a clear view of the inner workings of the American political system.After amassing a fortune on the New York Stock Exchange, he impressed President Woodrow Wilson by managing the nation's economic mobilization in World War I as chairman of the War Industries Board. He advised Wilson during the Paris Peace Conference. He made another fortune in the postwar bull market, but foresaw the Wall Street crash and sold out well in advance. In World War II, he became a close advisor to President Roosevelt on the role of industry in war supply, and he was credited with greatly shortening the production time for tanks and aircraft. Later he helped to develop rehabilitation programs for injured servicemen. In 1946 he was the United States representative to the United Nations Atomic Energy Commission (UNAEC), though his Baruch Plan for international control of atomic energy was rejected by the Soviet Union.
1870Aug, 19
Bernard Baruch
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Events on 1870
- 15Jan
Thomas Nast
A political cartoon for the first time symbolizes the Democratic Party with a donkey ("A Live Jackass Kicking a Dead Lion" by Thomas Nast for Harper's Weekly). - 30Mar
Reconstruction Era
Texas is readmitted to the Union following Reconstruction. - 12May
Royal Assent
The Manitoba Act is given the Royal Assent, paving the way for Manitoba to become a province of Canada on July 15. - 18Jul
Papal infallibility
The First Vatican Council decrees the dogma of papal infallibility. - 19Sep
Siege of Paris (1870-71)
Franco-Prussian War: The Siege of Paris begins, which will result on January 28, 1871 in the surrender of Paris and a decisive Prussian victory.