Bernard Mannes Baruch - Encyclopedia


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"BERNARD MANNES BARUCH (1870-), American financier, was born in Camden, S.C., Aug. 19 1870. He graduated from the College of the City of New York in 1889. For many years he was a member of the New York Stock Exchange but sold his seat in 1917. He first came into national prominence when appointed by President Wilson as a member of the advisory committee of the Council of National Defense in 1916, and after America's entrance into the World War he held many important positions. He was chairman of the Committee on Raw Materials, Minerals and Metals, and was in charge of purchases by the War Industries Board. He was also appointed a member of the commission in charge of all purchases made for the Allies. He became chairman of the War Industries Board in 1918 but resigned at the close of the year. In 1919 he was a member of the Supreme Economic Council of the Peace Conference in Paris and in the same year was appointed by President Wilson as a member of the Industrial Conference in Washington. He wrote The Making of the Reparation and Economic Sections of the Treaty (1920).

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