Bernard Baruch Quotes
Let us not be deceived we are today in the midst of a cold war.
Baruch, Bernard M. Address. South Carolina House of Representatives, 16 Apr. 1947, Columbia, SC.
Baruch was the first politician to use of the phrase "cold war." It had actually been originated by a friend and speechwriter, Herbert Bayard Swope, who had proposed using the phrase earlier. Baruch thought that too early and waited.
Compare this to Bernard Baruch's quotation about a cold war the year before.
This editorial marked what most people agreed was the end of the Cold War.
1st Earl Baldwin of Bewdley. Baldwin has been castigated since WWII for being part of the “appeasement group” in England. As Prime Minister in 1935 he would not face the threat of Fascism, Germany and the Nazis and did not initiate a major arms buildup. Churchill, among others, never forgave him. See {626930} for Churchill’s view of Baldwin.
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. He advised Wilson during the Paris Peace Conference. He made another fortune in the postwar bull market, but foresaw the Wall Street crash and sold out well in advance. In World War II, he became a close advisor to President Roosevelt on the role of industry in war supply, and he was credited with greatly shortening the production time for tanks and aircraft. Later he helped to develop rehabilitation programs for injured servicemen. In 1946, he was the United States representative to the United Nations Atomic Energy Commission, though his Baruch Plan for international control of atomic energy was rejected by the Soviet Union.