He also became a prominent member of Franklin Delano Roosevelt’s so-called Brain Trust, which advised the president on ending the Depression, and in his case helped in forming the policy that created the National Recovery Administration in 1933.In 1944, FDR spent a month at Hobcaw Barony, Baruch’s 16,000-acre former rice plantation in South Carolina. Becoming a Wall Street millionaire by age 30, he went on to advise presidents and help the U.S. government get through two economic crises: mobilizing for World War I and recovering from the Great Depression.Bernard Mannes Baruch was born in Camden, South Carolina, on August 19, 1870.His father, Simon Baruch, had been born near Posen, Prussia, and came to the U.S. at age 15. Bernard Baruch, financier extraordinaire and adviser to presidents, helped America overcome crises, if not human nature.On June 20, 1965, a brilliant Wall Street financier who helped save America a few times, died at age 94. The term was first used by the famous English writer George Orwell who mentioned it in an article that he published in 1945. By this name writer referred to what he prognosticated would be a nuclear pause between two or three monstrous nations, each possessed of a weapon by which millions of people can be annihilated in just a few seconds. The first who used the term was an American presidential adviser Bernard Baruch who mentioned it in a speech that he held at the State House in Columbia, in 1947. The Cold War had hardened by 1947–1948, when the U.S. aid provided under the Marshall Plan to western Europe had led those nations under American influence, and the Soviets had openly established communist regimes in eastern Europe.By using our site you agree to our use of cookies to deliver a better site experience. Après son succès dans les affaires, il a consacré son temps à conseiller les présidents démocrates Woodrow Wilson et Franklin D. Roosevelt sur les sujets économiques. The Soviets, on the other hand, were planning to keep control of eastern Europe to safeguard against any potential threat from Germany. By this name writer referred to what he prognosticated would be a nuclear pause between two or three monstrous nations, each possessed of a weapon by which millions of people can be annihilated in just a few seconds. The first who used the term was an American presidential adviser Bernard Baruch who mentioned it in a speech that he held at the State House in Columbia, in 1947.Following the surrender of Nazi Germany in 1945 near the close of World War II, the shaky alliance between the U.S. and Great Britain, on the one hand, and the Soviet Union on the other started to unravel. The British and the Americans were scared of the permanent Soviet domination of Eastern Europe as well as the threat of Soviet-influenced communist parties gaining power in the democracies of western Europe. The first who used the term was an American presidential adviser Bernard Baruch who mentioned it in a speech that he held at the State House in Columbia, in 1947.Information about the Soviet and U.S. military during the Cold War.About economic issues that took place in the period of the Cold War.General information about the aftermath of the Cold War.The Cold War waged on economic, political, as well as the propaganda fronts and included limited recourse to weapons. His mother, the former Isabelle Wolfe, was born in the South into a wealthy, Jewish farming family that fell onto hard times after the Civil War.Once in the U.S., Simon studied medicine, and served as a surgeon in the Confederate army during the war. April 14, 1941.Credit: Ed Ford, World Telegram & Sun, Wikimedia Commons Another reason was their determination to spread communism worldwide, mainly for ideological causes. The kindly, quizzical expression told me, more clearly than words, that in his opinion, money making was a secondary matter Of what use to a man are millions of dollars unless he does something worth while with them?”Indeed, Bernard Baruch devoted much of his long life to public service, and to thinking deeply about some of the most intractable problems facing humanity. In 1881, Simon moved the family north to New York, where he became an early proponent of hydrotherapy.Bernard was the second of the family’s four sons. Agreement could not be reached with the Soviet Union, however, and the “cold war” (a term first coined by Baruch) ensued between the two blocs.By 1947, Baruch began to feel that he had lost his influence with the administration, and he resigned from the UNAEC.He died of a heart attack in New York, and had his funeral at Reform Temple Shaaray Tefila there.Haaretz.com, the online edition of Haaretz Newspaper in Israel, and analysis from Israel and the Middle EastGet email notification for articles from David B. GreenBernard Baruch: 'I could not forget my father’s look the day I proudly informed him I was worth a million dollars' - quizzical.Get email notification for articles from David B. Green1278: All Jews of England Arrested in 'Coin-clipping' Scandal UK premier Winston Churchill and Bernard Baruch converse in the back seat of a car in front of Baruch's home.