Bernard M. Baruch
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Chairman of the War Industries Board (1918-1919) · United States
On the regime page: Wilson administration
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“It is not enough to mobilize the Nation's military strength. There must be a mobilization of her full economic resources — industrial, agricultural and financial. These must be organized, coordinated, and directed with the same strategy that governs the operations of the purely military arms of service.”
Baruch wrote the Preface in March 1921, as a letter to the President accompanying the Board's report on its work in 1917-1919. The sentences are from a statement of the Board's theory and policy that he reprints in the Preface and says the Board adopted during the war.
Bernard M. Baruch, Preface, in American Industry in the War: A Report of the War Industries Board (Washington: Government Printing Office, 1921), p. 6 Source
“The abnormal conditions of the war demand sacrifices. It is the price of victory. Only actual needs, not fancied wants, should and can be satisfied. To save heavy and long privation, temporary deprivation must be the rule. America's willingness to accept these conditions marks her ability to quicken the end of the conflict.”
Baruch wrote the Preface in March 1921, as a letter to the President accompanying the Board's report on its work in 1917-1919. The passage ends the Board's wartime statement of policy that he reprints in the Preface.
Bernard M. Baruch, Preface, in American Industry in the War: A Report of the War Industries Board (Washington: Government Printing Office, 1921), p. 7 Source
“It is with great pride I inform you that there was not a slacker to be found among the industries. Not one had to be coerced. They governed themselves by the answer to a single question, namely: "Do the continuation of our enterprises help or hurt the war program?" The choice was unanimous for service rather than profit — for national need instead of individual expediency.”
Baruch wrote the Preface in March 1921, as a letter to the President accompanying the Board's report on its work in 1917-1919. The War Industries Board had used licensing, priorities and price-fixing powers during the war, which he refers to elsewhere in the report.
Bernard M. Baruch, Preface, in American Industry in the War: A Report of the War Industries Board (Washington: Government Printing Office, 1921), p. 7 Source