the British had to pay up front the USA would not let the British have anything on credit hence the words Cash then you can carry it Home
but the NAZIS could Buy from indivduals and US Companies On credit Cash and
carry was only the Government stand to the British
but allowed all of these Companies and More to trade with the enemy Ford ITT GM Standard Oil IBM Texaco cocoa cola Birds Eye Dupont bendix Chrysler, Westrick, Standard Gas & Electric, The International Harvester Company, Herman Metz, a director of the Bank of Manhattan, controlled by the Warburgs.
the Rockefeller Chase Bank remained Open in Paris up to 1944 doing Business with the Nazis
Moreover, American assistance to Nazi war efforts extended into other areas.
The largest tank producers in Hitler's Germany were General Motors (controlled by the J.P. Morgan firm),Opel a wholly owned subsidiary of Ford built his Trucks up to and including 1945
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.
Building the German Cartels
A practical example of international finance operating behind the scenes to build and manipulate politico-economic systems is found in the German cartel system. The three largest loans handled by the Wall Street international bankers for German borrowers in the 1920s under the Dawes Plan were for the benefit of three German cartels which a few years later aided Hitler and the Nazis to power. American financiers were directly represented on the boards of two of these three German cartels. This American assistance to German cartels has been described by James Martin as follows: "These loans for reconstruction became a vehicle for arrangements that did more to promote World War II than to establish peace after World War
The three dominant cartels, the amounts borrowed and the Wall Street floating syndicate were as follows:
German Cartel Wall Street
Syndicate Amount Issued
Electric) National City Co. $35,000,000
Vereinigte Stahlwerke(United Steelworks) Dillon, Read & Co. $70,225,000
American I.G. Chemical (I.G. Farben) National City Co. $30,000,000
Looking at all the loans issued, it appears that only a handful of New York financial houses handled the German reparations financing. Three houses — Dillon, Read Co.; Harris, Forbes & Co.; and National City Company — issued almost three-quarters of the total face amount of the loans and reaped most of the profits: first Figure is the Loan the second it the Intrest
Wall Street participation in German industrial Intrest
Dillon, Read & Co. $241,325,000 $2.7 million
Harris, Forbes & Co. 186,500,000 1.4 million
National City Co. 173,000,000 5.0 million
Speyer & Co. 59,500,000 0.6 million
Lee, Higginson & Co. 53,000,000 n.a
Guaranty Co. of N.Y. 41,575,000 0.2 million
Kuhn, Loeb & Co. 37,500,000 0.2 million
Equitable Trust Co. 34,000,000 0.3 million
TOTAL $826,400,000 profit $10.4 million Robert R. Kuczynski, Bankers Profits from German Loans
Germany must ahve love Having the USA as an Allie whilst they preached Isolationism and Nutrality to the British
Cash and carry and lend lease were the Worlds Biggest Money spinners Of all Time
· 8 years ago