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BERNARD M. BARUCH |
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by NNDB.com
AKA Bernard Mannes Baruch Born:
19-Aug-1870 Gender:
Male Nationality:
United States Father:
Simon Baruch University: City College of New York (1889)
U.S. War Industries Board
1917-18, Chairman 1918-19 From Compton's OnLine Encyclopedia BARUCH, Bernard (1870-1965). Although he never ran for public office, Bernard Baruch was an adviser to American presidents on economic matters for more than 40 years. As a young man he had shown a remarkable ability to make money by investment. Bernard Mannes Baruch was born on Aug. 19, 1870, at Camden, S.C. His family moved to New York City in 1881, and he attended City College there, graduating at the age of 19. In 1890 Baruch took a job as an office boy in a small New York City brokerage house. By 1897 he owned a one-eighth interest in the firm. He married Annie Griffin; they had three children. Baruch bought a seat on the New York Stock Exchange and within a few years became a millionaire. By 1903 he had his own firm. His refusal to join any other financial house gave him the reputation as the "lone wolf of Wall Street." Baruch supported Woodrow Wilson in the presidential campaign of 1912. In 1916 Wilson appointed him to the advisory commission of the Council of National Defense. In 1918 he became chairman of the War Industries Board.
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