Wall Street and the Rise of Hitler Read Online Free PDF

of the very basic elements of modern warfare), the control of German World War II output was in the hands of two German combines created by Wall Street loans under the Dawes Plan.
    Moreover, American assistance to Nazi war efforts extended into other areas. 17 The two largest tank producers in Hitler's Germany were Opel, a wholly owned subsidiary of General Motors (controlled by the J.P. Morgan firm), and the Ford A. G. subsidiary of the Ford Motor Company of Detroit. The Nazis granted tax-exempt status to Opel in 1936, to enable General Motors to expand its production facilities. General Motors obligingly reinvested the resulting profits into German industry. Henry Ford was decorated by the Nazis for his services to Naziism. (See p. 93.) Alcoa and Dow Chemical worked closely with Nazi industry with numerous transfers of their domestic U.S. technology. Bendix Aviation, in which the J.P. Morgan-controlled General Motors firm had a major stock interest, supplied Siemens & Halske A. G. in Germany with data on automatic pilots and aircraft instruments. As late as 1940, in the "unofficial war," Bendix Aviation supplied complete technical data to Robert Bosch for aircraft and diesel engine starters and received royalty payments in return.
    In brief, American companies associated with the Morgan-Rockefeller international investment bankers — not, it should be noted, the vast bulk of independent American industrialists — were intimately related to the growth of Nazi industry. It is important to note as we develop our story that General Motors, Ford, General Electric, DuPont and the handful of U.S. companies intimately involved with the development of Nazi Germany were — except for the Ford Motor Company — controlled by the Wall Street elite — the J.P. Morgan firm, the Rockefeller Chase Bank and to a lesser extent the Warburg Manhattan bank. 18 This book is not an indictment of all American industry and finance. It is an indictment of the "apex" — those firms controlled through the handful of financial houses, the Federal Reserve Bank system, the Bank for International Settlements, and their continuing international cooperative arrangements and cartels which attempt to control the course of world politics and economics.
    Footnotes:
    1United States Congress. Senate. Hearings before a Subcommittee of the Committee on Military Affairs. Elimination of German Resources for War.
    Report pursuant to S. Res. 107 and 146, July 2, 1945, Part 7, (78th Congress and 79th Congress), (Washington: Government Printing Office, 1945), hereafter cited as Elimination of German Resources.
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    CHAPTER ONE: Wall Street Paves the Way for Hitler
    2

    Elimination of German Resources, p. 174.
    3Gabriel Kolko, "American Business and Germany, 1930-1941," The
    Western Political Quarterly, Volume XV, 1962.
    4Ibid, p. 715.
    5Carroll Quigley, op. cit.
    6Ibid, p. 308.
    7Carroll Quigley, op. cit., p. 309.
    8Fritz Thyssen, I Paid Hitler, (New York: Farrar & Rinehart, Inc., n.d.), p.
    88.
    9U.S. Group Control Council (Germany), Office of the Director of Intelligence, Intelligence Report No. EF/ME/1, 4 September 1945. Also see Hjalmar Schacht, Confessions of "the old Wizard", (Boston: Houghton Mifflin, 1956)
    10Hjalmar Schacht, op cit., p. 18. Fritz Thyssen adds, "Even at the time Mr, Dillon, a New York Banker of Jewish origin whom I much admire told me 'In your place I would not sign the plan.'"
    11Ibid, p. 282.
    12Carroll Quigley, op. cit., p. 324.
    13Henry H. Schloss, The Bank for International Settlements (Amsterdam,: North Holland Publishing Company, 1958)
    14John Hargrave, Montagu Norman, (New York: The Greystone Press, n.d.). p. 108.
    15James Stewart Martin, op. cit., p. 70.
    16See Chapter Seven for more details of Wall Street loans to German industry.
    17See Gabriel Kolko, op. cit., for numerous examples.
    18In 1956 the Chase and Manhattan banks merged to