Multimillionaire and financier Bernard Baruch, in a speech given
during the unveiling of his portrait in the South Carolina House
of Representatives, coins the term "Cold War" to describe
relations between the United States and the Soviet Union. The
phrase stuck, and for over 40 years it was a mainstay in the
language of American diplomacy. Baruch had served as an advisor
to presidents on economic and foreign policy issues since the
days of Woodrow Wilson. In 1919, he was one of the U.S. advisers
at the Paris Peace Conference that ended World War I. During the
1930s, he frequently advised Franklin D. Roosevelt and members
of Congress on international finance and issues of neutrality.
After World War II, he remained a trusted adviser to the new
administration of Harry S. Truman. His speech in April 1947,
however, was given in a completely different context. A portrait
of the native South Carolinian was to be hung in the state's
House of Representatives, and Baruch was invited for its
unveiling. Most guests exp