“If all you have is a hammer, everything looks like a nail.”
One-hundred-fifty years ago today, the famous financier, Bernard Baruch, was born in Camden, South Carolina. His business acumen, philanthropy, and relentless support of three administrations paid homage to a generations-old tradition of American Jewish patriotism dating back to Haim Solomon and illustrated how industrialists could make lasting contributions across the business, social, and political realms.
In both the first and second world wars, Baruch spearheaded efforts to mobilize American industry to support the war efforts. By establishing comprehensive policies to control mining, production, manufacturing, and distribution, he effectively balanced the needs of military efforts and the American civilian population, enabling America to fully arm itself years earlier than anticipated by its enemies. Baruch also commissioned a committee to develop plans for providing rehabilitation to soldiers injured during service, and later served as the U.S. representative to the United Nations Atomic Energy Commission.
Baruch’s deft leadership in a time of national crisis showed not only the profound impact that a spirit of altruism and patriotism among business leaders could have upon our country, but also how American industry could serve the national interest in a time of need. As we continue to navigate the COVID pandemic, the legacy of Bernard Baruch reminds us of what is possible when business and political leaders place the welfare of the country and its citizens above profit.
— Rabbi Josh Knobel