Time Magazine-June 28,1953. This 6" X 8 1/2" Time Magazine was specially formatted to be shipped overseas during WorldWar II to be read by The Armed Forces. The vintage Time magazine features a color cover of Bernard Baruch-"his eyes have seen the panics of follies of two wars". The magazine also features an article with photos. Bernard Mannes Baruch (August 19, 1870–June 20, 1965) was an American financier, stock market speculator, statesman, and presidential adviser. After his success in business, he devoted his time toward advising Democratic presidents Woodrow Wilson and Franklin D. Roosevelt on economic matters.During World War I he advised President Woodrow Wilson on national defense, during which time he became the chairman of the War Industries Board. His stenographer was the unknown teenager Billy Rose. Baruch played a major role in turning American industry to full-scale war production. At the war's conclusion he was seen with President Wilson at the Versailles Peace Conference. He never ran for elective office. He supported numerous Democratic Congressmen with $1000 annual campaign donations, and became a popular figure on Capitol Hill. Every election season he would contribute from $100 to $1000 to numerous Democratic candidates (usually incumbents he knew well).....
Under President Franklin D. Roosevelt's "New Deal" Baruch was a member of the "Brain Trust" and helped form the NRA.
During World War II he was a consultant on economic issue and proposed a number of measures including:
* A pay-as-you-go tax plan
* Rent ceilings
* Stockpiling of rubber and tin
* A synthetic rubber program to replace natural rubber; there was not enough of this strategic material.
Baruch argued that in modern war there was little room for free enterprise. He said Washington must control all aspects of the economy and that both business and unions must be subservient to the nation's security interest. Furthermore, price controls were essential to prevent inflation and to maximize military power per dollar. He wanted labor to be organized to facilitate optimum production. Baruch believed labor should be cajoled, coerced, and controlled as necessary: a central government agency would orchestrate the allocation of labor. He supported what was known as a "work or fight" bill. Baruch advocated the creation of a permanent superagency similar to his old Industries Board. Thus Baruch proposed to freeze economic freedom during war in order to preserve it for peace. Obviously his approach enhanced the role of civilian businessmen and industrialists in determining what was needed and who would produce it.Baruch's ideas were largely adopted, with James Byrnes appointed to carry them out. The magazine has been autographed on the front by Bernard Baruch in blue fountain pen......BOTH MAGAZINE AND AUTOGRAPH ARE IN VERY GOOD CONDITION.....................