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When sage Bernard Mannes Baruch laid down the sceptre of economic power at the end of World War I, he gave the U. S. some shocking advice: that if it ever wanted to go to war again, it should fix a ceiling on all prices by fiat as soon as they threatened to go up. Mr. Baruch repeated this advice so often in the ensuing 23 years that many a businessman grew to think a war economy and price-fixing are inseparable. Already such businessmen see the corpulent outlines of price-fixing in the figure of New Dealer Leon Henderson...

Author: /time Magazine | Title: GOVERNMENT: Now Priorities; Next Prices? | 11/4/1940 | See Source »

...mere existence of the authority was club enough: Woodrow Wilson and his industrial mobilizer, Bernard Mannes Baruch, had little need to seize factories during World...

Author: /time Magazine | Title: National Affairs: A Fighting Clause | 9/9/1940 | See Source »

...first W. & S. president to do so. Frank Augustus Scott was Woodrow Wilson's first chairman of the War Industries Board in 1917, withdrew because of ill health, was ultimately succeeded by Bernard M. Baruch...

Author: /time Magazine | Title: MACHINE TOOLS: Warner & Swasey for Sale | 8/26/1940 | See Source »

...World War I, Chairman Bernard Mannes Baruch went into his own pocket for rent of a floor of office space. Told by his secretary there was no more room available, he snapped: "Buy the building...

Author: /time Magazine | Title: PROCUREMENT: NDAC's Mac | 8/12/1940 | See Source »

...World War I the U. S. economy underwent a steep price inflation. It served the purpose of stimulating swift increases of production and was not checked until War Industries Board Head Bernard Mannes Baruch negotiated fixed prices with steel, copper, other major industries...

Author: /time Magazine | Title: GOVERNMENT: Price Control 1940 | 8/12/1940 | See Source »

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