Baruch assumes the chairmanship of the War Industries Board (WIB)—under Woodrow Wilson.
Jewish American, Baruch (1870–1960) led a rich life post–CCNY (City College New York) as a sugar trader, financier, stock market speculator and presidential advisor.
Under Franklin Roosevelt, more than a decade after his stewardship of the War Industries Board under Wilson, he was a member of the “Brain Trust,” which helped form the National Recovery Administration during the Great Depression in the 1930s.
His legacy includes a rich assortment of Baruch–wisdoms, as well:
“Peace does not follow disarmament; disarmament follows peace.”
“The main purpose of the stock market is to make fools of as many men as possible.”
“I made my money selling too soon.”
“Never follow the crowd.”
“To me, old age is always fifteen years older than I am.”