Did America finance the Nazi Regime?
How did Hitler and his crew get so powerful so quickly? The weapons, money, oil had to come from somewhere. Is it true Rockefeller, JP Morgan, among others did a lot of business with Germany prior to the war? Why did so many german officials escape to America? And how did so many german technological advances end up in America?
- Anonymous4 years agoFavorite Answer
in 1932 Hitler and the Nazis needed 500,000 german marks to run in the 1933 elections and could Not raise 50,000 so the Duponts using JP Morgan and the Chase Bank Raised 840 million US dollars this Not only paid the entry fee but also enough to Bribe advisors because Hitler only got 43 % of the 51% needed
the next closes was about 13 % so under advice Hindenburg appointed Hitler Chancellor in 1933 and all on American Dollars thus causing WW2
Yes i have told people for Years especially after seeing the Crates of Ball bearings Made in the USA 1944 By SKF of Philadelphia the USA never Used metric
Hitler was funded By the Rockefeller's in the Belief Hitler would Go to war with the Communists he took the Money and Honored the Agreement
the USA never did anything to stop him whilst the UK was Trying Appeasement
Hitler took all this as approval and of he went
America with the collusion of the vice-chairman of the U.S. War Production Board in partnership with Göring's cousin in Philadelphia when American forces were desperately short of everything and such arrangements were known about in Washington and either sanctioned or deliberately ignored?
For the government did sanction dubious transactions—both before and after Pearl Harbor. A presidential edict, issued six days after December 7, 1941, actually set up the legislation whereby licensing arrangements for trading with the enemy could officially be granted.
Often during the years after Pearl Harbor the government permitted such trading. For example, ITT was allowed to continue its relations with the Axis and Japan until 1945, even though that conglomerate was regarded as an official instrument of United States Intelligence.
No attempt was made to prevent Ford from retaining its interests for the Germans in Occupied France, nor were the Chase Bank or the Morgan Bank expressly forbidden to keep open their branches in Occupied Paris. It is indicated that the Reichsbank and Nazi Ministry of Economics made promises to certain U.S. corporate leaders that their properties would not be injured after the Führer was victorious.
Thus, the bosses of the multinationals as we know them today had a six-spot on every side of the dice cube. Whichever side won the war, the powers that really ran nations would not be adversely affected.
And it is important to consider the size of American investments in Nazi Germany at the time of Pearl Harbor. These amounted to an estimated total of $475 million. Standard Oil of New Jersey had $120 million invested there; General Motors had $35 million; ITT had $30 million; and Ford had $17.5 million. Though it would have been more patriotic to have allowed Nazi Germany to confiscate these companies for the duration—to nationalize them or to absorb them into Hermann Göring's industrial empire—it was clearly more practical to insure them protection from seizure by allowing them to remain in special holding companies, the money accumulating until war's end. It is interesting that whereas there is no evidence of any serious attempt by Roosevelt to impeach the guilty in the United States,
reason FDR was afraid of Upsetting Corporate USA whose Cooperation was desperately needed to win the War in the Pacific
http://www.wired.com/politics/law/news/2001/02/417... IBM helped with the Holocaust and made the Trains run on time and they were Paid with stolen Gold
the Chase Bank remained open up to July 1944 to collect Fords GM ITT Cocoa Cola IBM Standard Oil
Remington Birds eye bendix General electrics and the Lindberg profits
and when the Nazis Lost the war against the Communists Op[eration Paperclip was set up to help 10,000 top Nazis escape Punishment it was a reward for Fighting the Communists even the vatican helped any Fascist was better than a communist
why do you think the Jew Eisenhower procrastinated over D Day he wanted More Germans and Communists to die before ending WW2
we had 10 Divisions in italy we could have Followed the Germans into Germany in 1942 D Day was
Note Ford and GM sued the american Government for Damages to their Factories in Germany and Got paid proving that ford and GM got Profits from the Nazis up to 1945 well the still owned the Factories Never
nationalised so when Germans went to Normandy to kill Americans Ford an GM got paid for it
Note 2 even the bank of england made a Mistake in 1939 with Czech Gold but it was the 30 Billion from the USA that allowed Hitler to start WW2 and all the 150 Octane Fuel the Luftwaffe Needed from standard Oil
Goerings Cousin was inbeded in the US banking system and the Chase bank collected Profits for all the Companies working for the Nazis the Chase bank remained open in Paris up to July 1944
- Needful SinnerLv 74 years ago
"How did Hitler and his crew get so powerful so quickly?"
Unlike most of 'the crew' he was unique in that he was popular, and considered a moderate Nazi. Between wars he was a stunt pilot performing all through Europe, he married a high class Swedish aristocrat, the man networked and had good wealthy connections... combined with antisemitism and fear of Communism hardly being just a German concern; a worthy cause to fund.
This is why Hitler made Göring the Minister of Economics.
"The weapons, money, oil had to come from somewhere...."
No different than the USA buying it's way out of The Great Depression, being an arms dealer and creating work jobs programs.
"Is it true Rockefeller, JP Morgan, among others did a lot of business with Germany prior to the war?"
No different than any other country trading during peacetime, totally legit.
"Why did so many german officials escape to America?"
Like Werner von Braun, creator of the A12 V-2 rocket and scientist for NASA, creator of the Saturn rocket that eventually landed a man on the moon... the many scientists Russia kidnapped to help with their nuclear project... self interest,
"And how did so many german technological advances end up in America?"
Operation Plunder, and it was not just the USA that ended up with German technology... Russia, Britain etc all had units detailed to follow close being the advance looking for technology, looted plunder, Nazi's trying to hide, etc. If a military sees a Me-262 jet fighter, take it apart and see how it works so we can take advantage... much like the Panther medium tank was a German tweeked copy of the Russian T-34-76 and the Russian Tupolev Tu-4 bomber was a copy of the American B-29.
A practice followed since the dawn of time to current day by everyone.
"Did America finance the Nazi Regime?"
Some did sure, but the USA isn't a stranger to supporting dubious regimes however I don't qualify a few Americans donating to or doing business with Germany "pre-war" as anything that crosses a line nor as 'America supporting...'.
- EnguerarrardLv 74 years ago
Prior to WWII, yes. The same could be said of Britain, France, Italy and others. The debt imposed by the Versailles Treaty was crippling. Morgan was influential in the negotiations to lower the debt burden, but ultimately the Nazis defaulted on the debt, and it was that that saved them a lot of money. The Nazi economy struggled to make ends meet. What really replenished their treasury was taking over Austria, where the vast gold reserves of the Hapsburg treasury were located.
The Germans who escaped to America at the end of the war were scientists, especially the rocket scientists.
German engineers came up with radical designs, for instance the jet engine. But the British also patented the idea; they just sat on it. At the end of the war the victorious powers took whatever they thought useful from Germany.
- michinoku2001Lv 74 years ago
You are talking about separate issues here. Hitler and his crew did not get powerful quickly at all. Hitler became leader of NSDAP in 1921, which hardly makes him an overnight success.
The United States recognized that Versailles was economically just too onerous for Germany. Therefore initiatives like the Dawes Plan were intended by the US to help Germany recover economically. Obviously. a poverty-stricken Germany wasn't going to be good for anybody. Therefore yes-FDR encouraged his big-business pals to do business in Germany despite the fact that the government of Germany was very unpleasant.
In the late thirties a lot of people realized Hitler was a dangerous tyrant. Not very many people realized he was not a rational actor. This is what led to the post-war myth that US business interests had some special interest in assisting Hitler. It seems no good deed goes unpunished.
German firms like Krupp and Junkers were capable of making weapons as long as they had the financing. Nazi finance minister Schacht was a very astute person who had also served Weimar Germany. He would have been willing to be finance minister for anyone who happened to be head of state of Germany. IMHO, it was his acumen that created whatever sort of prosperity Nazi Germany possessed. The oil mostly came from Bulgaria.
- How do you think about the answers? You can sign in to vote the answer.
- FredLv 74 years ago
The Nazis financed their economy and military with large loans which likely they had no plans to fully pay back, and stole from the Jews as they rounded them up and murdered them. The Jews overall were the successful business people of Germany and likely this helped Hitler hate them as he saw they did not share their wealth with the poor. Henry Ford the US car manufacturer was a big supporter of the Nazis before the US went to war against them and likely did help them. Likely other industrialists from the US hoped there were big profits for them if they invested in pre war Germany. As the war progressed Germany robbed and stripped the countries they conquered of anything of value to prop up their war effort.
- Old Man DirtLv 74 years ago
The entanglements of the period are very complicated! The US needed intelligence operations done. Some argue that the friendliness of those names and many others were just the result of the US intelligence service seeking aid through private means.
Hitler "nationalized" a lot of industrial interests. Germany was saddled with a lot of reparations from WWI. Also Hitler found a lot of loop holes in the treaty and used them to rearm the German nation- which put people back to work.
The use of "protection" from war crimes coupled with protection from the Russians put a lot of technical know how at the disposal of the Americans.
- peeveeLv 64 years ago
Yes. Nazi regime was not hated in its early days. In those days, Germany for America was a nation requiring help to rebuild her economy and there was no reason to with hold help.In fact it was not financing the Nazi regime but helping war-torn Germany.
- poornakumar bLv 74 years ago
Yes, inadvertently. Americans move, wherever there are business opportunities unmindful of (the later) consequences; first there is money to be made. Under Hitler Germany moved out of the purview of ToV and started spending money to develop Germany, particularly the military machine. That is enough of a red rag for the American bull.
- TheSicilianSageLv 74 years ago
Due to the Great Depression, American financiers were in no condition to "finance" anything.