![]() ![]() In 1960, on his 90th birthday, a bench in that park was dedicated to him. It was called the Cold War because both nations were afraid to fight one another directly, so they. He would famously talk about domestic and world affairs with a wide range of people who came by to see him. It was between the United States and the Soviet Union. Churchill later coined his own memorable term “Iron Curtain,” during a speech in Fulton, Mo., on March 5, 1946.īaruch would often sit in Lafayette Park, across from the White House. Winston Churchill knew Baruch and was on the way to see the financier when he was hit by a taxi in 1931. The phrase caught on - to describe the bipolar diplomatic and military rivalry between the nuclear superpowers.īaruch was born in Camden, S.C., in 1870, the son of German-Jewish immigrants.Īfter making a fortune on Wall Street, he usually wintered at Hobcaw Barony, his 17,500-acre estate on the South Carolina coast. In September 1947, Walter Lippmann, Baruch’s friend and one of the day’s most widely read journalists, used “Cold War” in his New York Herald Tribune column. Let us never forget this: Our unrest is the heart of their success.” Our enemies are to be found abroad and at home. “Let us not be deceived ” Baruch said, “we are today in the midst of a Cold War. ![]() ![]() Baruch used the phrase in a speech to the South Carolina House of Representatives, where his portrait was being unveiled. ![]()
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