RARE! “ Woodrow Wilson Advisor" Bernard Baruch Hand Signed 3X5 Card COA

Description: Up for auction "American Financier" Bernard Baruch Hand Signed 3X5 Card. This item is certified authentic by Todd Mueller and comes with their Certificate of Authenticity. ES-6083: Bernard Mannes Baruch (August 19, 1870 – June 20, 1965) was an American financier and statesman. According to historian Thomas A. Krueger: For half a century Bernard Baruch was one of the country's richest and most powerful men. A great speculator, public official, presidential counselor, political benefactor, and indefatigable almoner, his public life provides a clear view of the inner workings of the American political system. 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 (UNAEC), though his Baruch Plan for international control of atomic energy was rejected by the Soviet Union. Bernard Baruch was born to a Jewish family on August 19, 1870, in Camden, South Carolina. His parents were Belle (née Wolfe) and Simon Baruch, a physician. He was the second of four sons, including brothers Herman B. Baruch, Sailing Wolfe Baruch, and Hartwig Nathaniel Baruch. In 1881 the family moved from Camden to New York City, where Bernard and his brothers attended local schools. He studied at and graduated from the City College of New York. Baruch married Annie Griffin, an Episcopalian, of New York.[4] They had three children ]Belle Baruch; Bernard Baruch Jr.; and Renée Baruch. Baruch became a broker and then a partner in A.A. Housman & Company. With his earnings and commissions, he bought a seat on the New York Stock Exchange for $19,000 ($552,960 in 2016 dollars). There he amassed a fortune before the age of 30 by profiting from speculation in the sugar market; at that time plantations were booming in Hawaii. Baruch founded the Intercontinental Rubber Company of New York, which dominated the guayule rubber market in the U.S. with holdings in Mexico. His partners in the enterprise were Senator Nelson Aldrich, Daniel Guggenheim, John D. Rockefeller, Jr., George Foster Peabody and others. By 1903 Baruch had his own brokerage firm and gained the reputation of "The Lone Wolf of Wall Street" because of his refusal to join any financial house. By 1910, he had become one of Wall Street's best-known financiers. In 1925 Baruch endowed the United Daughters of the Confederacy (UDC) Mrs. Simon Baruch University Award in memory of his mother, to support scholars who have written unpublished monographs for full-length books on Confederate history. His mother had been an early member of the organization and supported its activities. Bernard Baruch made millions in the US bull market in stocks since 1924. However, he started anticipating a Wall Street crash as early as 1927 and sold stocks short periodically in 1927 and 1928. On September 25, 1929, after the 1929 post Labor Day peak of the Dow, Baruch refused to join a bull pool of financiers to support the declining market. He also advised humorist Will Rogers to exit the market before the crash. "I did what you told me," Rogers told Baruch when the two met after the Black Tuesday crash of October 29, 1929, "and you saved my life".

Price: 129.99 USD

Location: Fort Lauderdale, Florida

End Time: 2025-01-30T14:45:37.000Z

Shipping Cost: 0 USD