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The original seven members of the War Industries Board were: [5] Frank A. Scott (1873–1949), chairman; Bernard M. Baruch; Robert S. Brookings, head of the Cupples Co., a distribution firm; Robert S. Lovett, President of Union Pacific Railroad; Hugh Frayne, of the American Federation of Labor and former president of the Pennsylvania AFL-CIO
Bernard Mannes Baruch [nb 1] (August 19, 1870 – June 20, 1965) was an American financier and statesman.. After amassing a fortune on the New York Stock Exchange, he impressed President Woodrow Wilson by managing the nation's economic mobilization in World War I as chairman of the War Industries Board.
Established by the Council of National Defense under Wall Street broker and Democratic Party activist Bernard M. Baruch, it regulated much of the economy, setting production priorities for factories, and establishing centralized control over raw materials and prices. Mass production techniques were implemented in heavy industry to increase ...
In 1891, Baruch "made it" on Wall Street, becoming an employee at A. A. Housman, where he worked for more than 10 years. Thereafter he relinquished his Stock Exchange seat, left Wall Street and sold all his stocks upon his appointment to the War Industries Board by President Woodrow Wilson in 1918.
[3] [4] [5] Bernard M. Baruch, a prominent Wall Street speculator and Chairman of the War Industries Board, is regarded as one of the founding fathers. The first class at the Army Industrial College had only nine students, but by the early 1930s, the college was graduating 40 to 50 students in each class.
In this capacity, he worked closely with the War Industries Board. [3] He favorably impressed many businessmen, including Bernard Baruch (head of the War Industries Board). [3] These contacts later proved critical in winning Johnson a position with President Franklin D. Roosevelt's administration. [3]
For the last half-decade or so, the last thing any CEO wanted to was to see their company’s name in print alongside Hindenburg Research. If the firm had you in its crosshairs, things were about ...
With the American entrance into World War I in April 1917, Wilson became wartime leader of a poorly prepared nation with fresh manpower and the world's largest industrial and financial base. He set up the War Industries Board, headed by Bernard Baruch, to set war manufacturing policies and goals. It took many months to get it working right.