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=== World War I === In 1916, Baruch left Wall Street to advise [[Woodrow Wilson]] on national defense and terms of peace. He served on the Advisory Commission to the Council of National Defense and, in January 1918, became the chairman of the new [[War Industries Board]]. With his leadership, this body successfully managed the US's economic mobilization during World War I. In 1919, Wilson asked Baruch to serve as a staff member at the [[Paris Peace Conference, 1919|Paris Peace Conference]]. Baruch did not approve of the [[World War I reparations|reparations]] that France and Britain demanded of Germany, and he supported Wilson's opinion that there needed to be new forms of cooperation, as well as the creation of the [[League of Nations]].<ref>Leab, Daniel et al., ed. "The Great Depression and the New Deal: A Thematic Encyclopedia." ABC-CLIO LLC., 2010, p. 11.</ref> For his services in support of the war effort, Baruch was awarded the [[Army Distinguished Service Medal]] with the following citation: <blockquote> The President of the United States of America, authorized by Act of Congress, July 9, 1918, takes pleasure in presenting the Army Distinguished Service Medal to Mr. Bernard M. Baruch, a United States Civilian, for exceptionally meritorious and distinguished services to the Government of the United States, in a duty of great responsibility during World War I, in the organization and administration of the War Industries Board and in the coordination of allied purchases in the United States. By establishing a broad and comprehensive policy for the supervision and control of the raw materials, manufacturing facilities, and distribution of the products of industry, he stimulated the production of war supplies, coordinated the needs of the military service and the civilian population, and contributed alike to the completeness and speed of the mobilization and equipment of the military forces and the continuity of their supply. War Department, General Orders No. 15 (1921)</blockquote>
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