Word: baruchly
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When he joined the World War I Industries Board, Baruch liquidated his market holdings and put $5,000,000 into Liberty Bonds: his taxable income dropped from its prewar $2,300,000 to $617,000 in 1917 and a loss in 1918. He spent $85,000 of his own money to send a government mission to England, and many more thousands to transport his board's 4,000 women workers back to their homes after the Armistice. (In the last 25 years, he has probably spent $2,500,000 on public service. Once in the '30s, alarmed...
Wartime Czar. Baruch was one of the few advisers who remained close to Woodrow Wilson throughout the war and the bitter days that followed. Woodrow Wilson called him "Dr. Facts"; he still refers to the President as "the most Christlike man who ever lived...
...wartime Washington, Baruch-with his stockmarket millions and his undisguised taste for race horses, horse trainers and prizefight managers-was a distinctly gaudy character. One excited White House caller shuddered: "Why, this man is nothing but a speculator!" Said Woodrow Wilson: "I thought he was a good speculator...
...Industries Board, Baruch surpassed Wilson's faith in him. In many ways, he wielded more power than Wilson himself. The military was dependent on his board for all munitions, as civilians were for their sustenance...
Blueprinter. Baruch's master blueprint for industrial mobilization brought order out of the war's early confusion. As all-powerful chairman of the War Industries Board, he established the first wartime priorities system for materials and labor, set up production schedules, cut down civilian industries...