Word: baruchism
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Dates: during 1930-1939
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...definition Bernard Mannes Baruch is a "practical economist." His theory has been applied in the most hazardous of profit mediums-the stockmarket. But of Mr. Baruch, his old boss. Columnist Hugh Johnson wrote last week: "His effectiveness as a practical economist is suggested by his own magnificent solvency." Last week before the Senate's Special Committee to Investigate Unemployment & Relief Mr. Baruch had a lot to say about his country's solvency, which is currently not magnificent. He took two days to say it, and when he was through his testimony was hailed as the "heaviest...
...Bernie Baruch is a Democrat. He was Woodrow Wilson's chairman of the omnipotent War Industries Board, financed a host of Senatorial campaigns during the lean Republican years, was the heaviest single contributor to the Democratic cause in 1932. Yet Mr. Baruch has been no closer to Roosevelt II than to Hoover, Coolidge and Harding, to all of whom he furnished disinterested personal counsel and advice. But inevitably his words were taken as those of a Democrat when last week he said such things as these...
...Roosevelt New York Post this voice was the "voice of liberalism; the platform is that of Coolidge." Actually it was the typical voice of the old-line Democrat, the Democrat who would like, but does not dare, to say the same things on the Senate floor. For the Baruch testimony was by no means a one-way damnation. Asked if he thought business had done its share, the white-haired old financier replied: "Business has not cleaned up its own stable, it has not met the Government people in the fullest spirit of co-operation." Eloquently he urged modification...
...Testifying before the Senate Committee to Investigate Unemployment and Relief, Franklin Roosevelt's close friend and adviser, Financier Bernard Baruch, fired "the heaviest gun yet brought up" against the Administration by blaming Governmental policies for the current upsurge in unemployment...
...cover" (see p. 4). One of the first to use the phrase was Dr. Henry Sloane Coffin. Among the other early enthusiasts famous enough to turn young editors' heads were Theodore Roosevelt, Henry Van Dyke, Newton D. Baker, Mrs. Elizabeth Marbury, Thomas Edison, Archbishop Michael J. Curley, Bernard Baruch, Mrs. John D. Rockefeller, Joseph Hergesheimer, Henry Ford, Elbert H. Gary, Herbert B. Swope...