http://en.wikipedia.org/wiki/War_Industries_Board
The War Industries Board (WIB) was an organization established by the United States </wiki/United_States> on July 28 </wiki/July_28>, 1917 </wiki/1917> and reorganized in 1918 </wiki/1918> under the leadership of Bernard M. Baruch </wiki/Bernard_M._Baruch>. It encouraged companies to use mass-production </wiki/Mass-production> techniques to increase efficiency and urged them to eliminate waste by standardizing products. The WIB set production quotas and allocated raw materials. It also conducted psychological testing to help people find the right jobs.
Under the WIB industrial production in the U.S. increased 20 precent. However, the WIB applied price controls only at wholesale level. AS a result, retail prices soared, and in 1918 they were almost double what they were before the war.

http://en.wikipedia.org/wiki/Bernard_M._Baruch
Bernard Mannes Baruch (August 19 </wiki/August_19>, 1870 </wiki/1870> - June 20 </wiki/June_20>, 1965 </wiki/1965>) was an American financier and presidential adviser.
Bernard Baruch advised American presidents on economic matters for over 40 years. These ranged from Woodrow Wilson </wiki/Woodrow_Wilson> to John F. Kennedy </wiki/John_F._Kennedy> and in his later years Baruch was highly regarded as an elder statesman. He was described as a man of immense charm who enjoyed a larger-than-life reputation that matched his considerable fortune.
Bernard Baruch was born in Camden, South Carolina </wiki/Camden%2C_South_Carolina> on Friday August 19, 1870 to Simon and Belle Baruch, the second of four sons, his father was a German </wiki/Germany> immigrant who came to America in 1855 to avoid conscription in the Prussian </wiki/Prussia> army and became a field surgeon on the staff of Robert E. Lee </wiki/Robert_E._Lee> for the Confederate army </w/wiki.phtml?title=Confederate_army&action=edit> during the Civil War </w/wiki.phtml?title=US_Civil_War&action=edit>.
In 1881 the family moved to New York City </wiki/New_York_City> and in 1889 he graduated from the City College of New York </wiki/City_College_of_New_York>. His first job was as an office boy earning $3.00 a week.
He eventually became a broker and then a partner in the firm of A. Housman and Company. With his earnings and commissions he was eventually able to buy a seat on the New York Stock Exchange </wiki/New_York_Stock_Exchange>.
He amassed a fortune in stock market speculation before the age of 30.
In 1903 he had his own brokerage firm and gained the reputation of "The Lone Wolf on Wall Street" because of his refusal to join any other financial house.
By 1910 he had become one of Wall Street's financial leaders.
During World War I </wiki/World_War_I> he advised President Woodrow Wilson </wiki/Woodrow_Wilson> on national defense and in 1918 he became the chairman of the War Industries Board </wiki/War_Industries_Board>.
After the war he was with President Wilson at the Versailles Peace Conference </wiki/Versailles_Peace_Conference>.
He was a member of the "Brain Trust" in President Franklin Delano Roosevelt </wiki/Franklin_Delano_Roosevelt>'s "New Deal </wiki/New_Deal>"
As the "Storm Clouds" of World War II approached he proposed a number of economic measures including:
•	A pay-as-you-go tax </w/wiki.phtml?title=Pay-as-you-go_tax&action=edit> plan 
•	Rent ceilings </wiki/Rent_control> 
•	Stockpiling of Rubber </wiki/Rubber> and Tin </wiki/Tin> 
•	A synthetic Rubber </wiki/Rubber> program 
After the Japanese Attack on Pearl Harbor </wiki/Pearl_Harbor> he was called upon by President Franklin Delano Roosevelt to help with the United States war effort.
He was offered the post of Treasury Secretary </wiki/Treasury_Secretary> by President Franklin Roosevelt </wiki/Franklin_Roosevelt> but he declined in favor of remaing in the role of an unofficial adviser.
In 1946 he was appointed the United States representative to the United Nations Energy Commission </w/wiki.phtml?title=United_Nations_Energy_Commission&action=edit> by President Harry S </w/wiki.phtml?title=Harry_S&action=edit>. Truman. On Friday June 14 </wiki/June_14>, 1946 </wiki/1946> he Presented the Baruch Plan to the UNAEC. This plan proposed international control of Atomic Energy. On April 16 </wiki/April_16>, 1947 </wiki/1947> Baruch coined the term "Cold War </wiki/Cold_War>" to describe the relationship between the United States </wiki/United_States> and the Soviet Union </wiki/Soviet_Union>.
He was an adviser on international issues until his death on Sunday June 20, 1965 in New York City at the age of 94.
His grave is at Flushing Cemetery , Flushing, Queens County, New York </w/wiki.phtml?title=Flushing%2C_Queens_County%2C_New_York&action=edit>, USA