On the other hand, the general impression left with the reader by modern historians is that this American technical assistance was accidental and that American industrialists were innocent of wrongdoing. For example, the Kilgore Committee stated: "The United States accidentally

1924 the Dawes Plan The Treaty of Versailles after World War I imposed a heavy reperations burden on defeated Germany. This financial burden - a real cause of the German discontent that led to acceptance of Hitlerism - was utilized by the international bankers for their own

Between 1924 and 1931, under the Dawes Plan and the Young Plan, Germany paid out to the Allies about 36 billion marks in reparations. At the same time, Germany borrowed abroad, mainly in the U.S., about 33 same billion marks - thus making a net German payment of only three

1928 the Young Plan According to Hitler's financial genie, Hjalmar Horace Greeley Schacht, and Nazi industrialist Fritz Thyssen, it was the 1928 Young Plan (the successor to the Dawes Plan), formulated by Morgan agent Owen D. Young, that brought Hitler to power in 1933. Fritz

However, it was Schacht, not Owen Young, who conceived the idea which later became the Bank for International Settlernents. The actual details were worked out at a conference presided over by Jackson Reynolds "one of the leading New York bankers," together with Melvin Traylor of

B.I.S. the apex of control This interplay of ideas and coperation between Hjalmar Schacht in Germany and, through Owen Young, the J. P. Morgan interests in New York was only one facet of a vast and ambitious systern of cooperation and international alliance for world control. As

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

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

After the mid-1920s the two major German combines of I.G. Farben and Vereinigte Stahlwerke dominated the chemical and steel cartel system created by these loans. Although these firms had a voting majority in the cartels for only two or three basic products, they were able through

Among the products that brought I.G. Farben and Vereinigte Stahlwerke into mutual collaboration were coal tar and chemical nitrogen, both of prime importance for the manufacture of explosives. I.G. Farben had a cartel position that assured dominance in the manufacture and sale of

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