Wall Street and the Rise of Hitler by Antony C. Sutton

WORLD

    WAR II
    Name of Branch
    Location
    Product
    1. Werk
    Kries Saalfeld
    Measuring
    Reiehmannsdoff
    Instruments
    mit
    Unterabteilungen in
    Wallendorf und
    Unterweissbach
    2. Werk
    Bayreuth
    Starters
    Marktschorgast
    3. Werk F18ha
    Sachsen
    Short Wave Sending
    Sets
    4. Werk Reichenbach Vogtland
    Dry Cell Batteries
    5. Werk Burglengefeld Sachsen/S.E.
    Heavy Starters
    Chemnitz
    6. Werk Nuremburg
    Belringersdorf/
    Small Components
    Nuremburg
    7. Werk Zirndorf
    Nuremburg
    Heavy Starters
    8. Werk Mattinghofen Oberdonau
    1 KW Senders 250
    Meters & long wave
    for torpedo boats &
    U-boats
    9. Unterwerk Neustadt Coburg
    Radar Equipment
    That the A.E.G. plants in Germany were not bombed in World War II was confirmed by the United States Strategic Bombing Survey, officered by such academics as John K. Galbraith and such Wall Streeters as George W. Ball and Paul H. Nitze. Their "German Electrical Equipment Industry Report" dated January 1947 concludes: The industry has never been attacked as a basic target system, but a few plants, i.e. Brown Boveri at Mannheim, Bosch at Stuutgart and Siemenstadt in Berlin, have been subjected to precision raids; many others were hit in area raids. 17
    At the end of World War II an Allied investigation team known as FIAT was sent to examine bomb damage to German electrical industry plants. The team for the electrical industry consisted of Alexander G.P.E. Sanders of International Telephone and Telegraph of New York, Whit-worth Ferguson of Ferguson Electric Company, New York, and Erich J.
    Borgman of Westinghouse Electric. Although the stated objective of these teams was to examine the effects on Allied bombing of German targets, the objective of this particular team was to get the German electrical equipment industry back into production as soon as possible. Whirworth Ferguson wrote a report dated March 31, 1945 on the A.E.G.
    Ostland-werke and concluded, "this plant is immediately available for production of fine metal parts and assemblies. 18
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    CHAPTER THREE: General Electric Funds Hitler
    To conclude, we find that both Rathenau of A.E.G. and Swope of General Electric in the U.S. had similar ideas of putting the State to work for their own corporate ends. General Electric was prominent in financing Hitler, it profited handsomely from war production —
    and yet it managed to evade bombing in World War II. Obviously the story briefly surveyed here deserves a much more thorough — and official — investigation.
    Footnotes:
    1For the technical details see the three-volume study, Antony C. Sutton, Western Technology and Soviet Economic Development, (Stanford, California: Hoover Institution Press, 1968, 1971), 1973), hereafter cited as Western Technology Series.
    2(New York: Arlington House Publishers, 1975)
    3 New York Times, October 6, 1936. See also Antony C. Sutton, Wall Street and FDR, op. cit.
    4Of course, socialist pleading by businessmen is still with us. Witness the injured cries when President Ford proposed deregulation of airlines and trucking. See for example Wall Street Journal, November 25, 1975.
    5Mimeographed Translation in Hoover Institution Library, p. 67. Also see Walter Rathenau, In Days to Come, (London: Allen & Unwin, n.d.) 6Ibid, p. 249.
    7 New York Times, July 2, 1929.
    8Ibid, July 28, 1929.
    9Ibid, August 2, 1929 and August 4, 1929.
    10Ibid, August 6, 1929.
    11Ibid, February 2, 1930.
    12Ibid, February 2, 1930.
    13Ibid, May 11, 1930. For the prewar machinations of General Electric, Osram, and the Dutch company N.V. Philips Gloeilampenfabrieken of Eindhoven Holland, see Chapter 11, "Electric Eels," in James Stewart Martin, op cit.
    Martin was Chief of the Economic Warfare Division of the U.S. Department of Justice and comments that "The A.E.G. of Germany was largely controlled by the American company, General Electric." The assumption by this author is that the G.E. influence was