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22b990cd6b40153fd2a680b8f8399e51
Dataset
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Title
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Bernard M. Baruch 1870 - 1965, U.S. Financier, Stock-market Speculator, Statesman & Political Consultant
Subject
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<h4><a href="https://vmps.omeka.net/exhibits/show/financing-common-purposes-gall/financing-common-purposes-gall">Return to Financing our Common Purposes</a></h4>
Description
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<p style="text-align:justify;"><span style="font-size:11pt;font-family:Helvetica, sans-serif;color:#000000;">Bernard Mannes Baruch was a U.S. financier, stock-market speculator, statesman, and political consultant. After his success in business, Baruch devoted his time toward advising U.S. Presidents Woodrow Wilson and Franklin D. Roosevelt on economic matters, and also became a philanthropist.</span></p>
<p></p>
<p style="text-align:justify;"><span style="font-size:11pt;font-family:Helvetica, sans-serif;color:#000000;">Baruch first walked the halls of the then College of the City of New York on the site of 17 Lexington Avenue as just one in a crowd of three hundred entering students. None could have guessed that his alma mater would eventually bear the name of this distinguished alumnus.</span></p>
<p></p>
<p style="text-align:justify;"><span style="font-size:11pt;font-family:Helvetica, sans-serif;color:#000000;">Baruch was the son of a German immigrant and an impoverished southern belle, the second of four children born in Camden, South Carolina in 1870. Moving to New York City at the age of ten, he struggled to adjust to his new surroundings. At the age of fourteen, he began his studies at the College of the City of New York (in those times there were no public high schools and a student could go directly to college if he met the entrance requirements). To save money he would walk the roughly forty blocks every day from his home on 60th street, saving a dime weekly; his entire allowance being only a quarter a week. His college days were a time of intellectual enlightenment as his knowledge of the world grew he too grew from a rather frail boy into a six foot three man of athletic build. After graduation, Baruch became a runner on Wall Street, trying to learn as much as he could about business, and become a partner at the age of twenty five at A.A. Housman & Company.</span></p>
<p></p>
<p style="text-align:justify;"><span style="font-size:11pt;font-family:Helvetica, sans-serif;color:#000000;">As the twentieth century progressed, Baruch’s fortune increased, and he began to want something more out of life. His father’s words always made him reflect on the direction his life was taking, "<em><span style="font-family:Helvetica, sans-serif;">I could not forget my father’s look the day I proudly informed him I was worth a million dollars. The kindly, quizzical expression told me, more clearly than words, that in his opinion, money making was a secondary matter…</span></em> <em><span style="font-family:Helvetica, sans-serif;">Of what use to a man are millions of dollars unless he does something worthwhile with them."</span></em></span></p>
<p></p>
Creator
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Library of Congress Catalog No. 2003690078
Date
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1961
Rights
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Sir Winston Churchill, British statesman, and Bernard M. Baruch, U.S. financier, converse in the back seat of a car in front of Baruch's home. <br /><br />Source: <a href="https://findingaids.princeton.edu/collections/MC006">Baruch College, City University of New York: The Baruch Family</a>
Format
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Medium: Photograph.
Source
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http://cdn.loc.gov/service/pnp/ppmsca/05300/05374r.jpg
Identifier
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Bernard M. Baruch, Financier, Speculator, Wilson, FDR, Philanthropy, Wall Street, New York
Relation
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Link: <a href="http://www.loc.gov/pictures/resource/ppmsca.05374/">Library of Congress</a>.
Publisher
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Library of Congress
Contributor
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Library of Congress
Language
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English
Type
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Figures
Coverage
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Historic
Bernard M. Baruch
FDR
Financier
New York
Philanthropy
Speculator
Wall Street
Wilson