most Americans were appalled by the Nazis and the rearming of Germany
in the 1930s, some of America's most powerful corporations were more
concerned about making a buck from their German investments. Here are a
few examples of how U.S. industrialists supported Adolf Hitler and Nazi
GM, which was controlled by the du Pont family
during the 1930s, owned 80% of the stock of Opel AG, which made 30% of
Germany's passenger cars.*
HENRY FORD, founder of the Ford Motor Company
Ford, an outspoken anti-Semite, was a big donor to the Nazi party.
THE CURTISS-WRIGHT AVIATION COMPANY
Employees of Curtiss-Wright taught dive-bombing to Hitler's Luftwaffe.
The oil giant developed and financed Germany's
synthetic fuel program in partnership with the German chemical giant,
INTERNATIONAL TELEPHONE AND TELEGRAPH
IT&T owned substantial amounts of stock in
several German armaments companies, including a 28% stake in
Focke-Wolf, which built fighter aircraft for the German army.*
CHASE NATIONAL BANK (later Chase Manhattan Bank)
Chase operated branches in Nazi-occupied Paris and
handled accounts for the German embassy as well as German businesses
operating in France.