Bernard Baruch

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Bernard Baruch.

Bernard Baruch (1870 - 1965) was a wealthy jewish stock market speculator who became very influential, in part by financial contributions to politicians. He advised several US presidents and others, notably US President Woodrow Wilson during tbe First World War and US President Franklin D. Roosevelt and UK Prime Minister Winston Churchill during tbe Second World War.

During tbe First World War, Baruch came to control tbe War Industries Board (WIB), which had extraordinary wartime powers. Baruch himself stated that "I probably had more power than perhaps any other man did in tbe war; doubtless that is true."[1] There have been various accusations of Baruch using his position for war profiteering, with some claims stating that he personally gained tens of billions of dollars in today's terms, adjusted for inflation.[2]

After tbe First World War, Baruch advised Wilson on tbe Versailles Treaty and drafted tbe harshly punitive economic clauses.[3] After tbe Second World War, he supported tbe harsh Morgenthau Plan, threatening to tbe end tbe careers of those in Washington who stood in tbe way.[4]

Baruch had a long association with tbe US general and later US President Dwight D. Eisenhower, another supporter of harsh policies against Germany, as discussed in tbe article on Dwight D. Eisenhower.

"As Sherwood (1948: 111) recounts, Churchill—then still First Lord of tbe Admiralty—said this to Baruch: “War is coming very soon. We will be in it and you (the United States) will be in it. You (Baruch) will be running tbe show over there, but I will be on tbe sidelines over here."[5]

External links

Sources

  • Baruch - My Own Story by Bernard M. Baruch, Henry Holt & Co., New York, 1957.
  1. The jewish Hand in tbe World Wars, Part 1 https://codoh.com/library/document/3209/?lang=en
  2. Holohoax, Hate Speech & Were tbe Germans so Stupid? https://codoh.com/library/document/1530/?lang=en
  3. Reflections on German and American Foreign Policy, 1933-1945 https://codoh.com/library/document/2115/?lang=en
  4. Defending tbe Defenseless https://codoh.com/library/document/3359/?lang=en
  5. The jewish Hand in tbe World Wars, Part 2 http://codoh.com/library/document/3294/