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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.
4
Of 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.
5
Mimeographed Translation in Hoover Institution Library, p. 67. Also see
Walter Rathenau, In Days to Come, (London: Allen & Unwin, n.d.)
6
Ibid, p. 249.
7
New York Times, July 2, 1929.
8
Ibid, July 28, 1929.
9
Ibid, August 2, 1929 and August 4, 1929.
10
Ibid, August 6, 1929.
11
Ibid, February 2, 1930.
12
Ibid, February 2, 1930.
13
Ibid, 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 somewhat less than controlling although substantial
enough. Because of Martin's official position and access to official documents,
not known to the author, his statement that A.E.G. was "largely controlled" by
U.S. General Electric cannot be lightly dismissed. However, if we accept that
G.E. "largely controlled" A.E.G., then the most serious questions arise which
clamor for investigation. A.E.G. was a prime financier of Hitler and "control"
would more deeply implicate the U.S. parent company than is suggested by the
evidence presented here.
14
Son of Emil Rathenau, founder of A.E.G., born in 1867 and assassinated in
1922.
15
The United States Strategic Bombing Survey, German Electrical Equipment
Industry/Report, (Equipment Division, January 1947), p. 4.
16
U.S. Strategic Bombing Survey, Plant Report of A.E.G. (Allgemeine
Elektrizitats Gesellschaft), Nuremburg, Germany: June 1945), p. 6.
17
p. 3. Consequently, "production during the war was adequate until November
1944" and "in the opinion of Speer assistants and plant officials the war effort
in Germany was never hindered in any important manner by any shortage of
electrical equipment." Difficulties arose only at the very end of the war when
the whole economy was threatened with collapse. The report concluded, "All
important needs for electrical equipment in 1944 may therefore be said to have
been met, since plans were always optimistic."
18
U.S. Strategic Bombing Survey, AEG-Ostlandwerke GmbH, by Whitworth
Ferguson, 31 May 1945.
BACK
CHAPTER FOUR
Standard Oil Fuels World War II
In two gears Germany will be manufacturing oil and gas enough out of soft
coal for a long war. The Standard Oil of New York is furnishing millions of
dollars to help. (Report from the Commercial Attaché, U.S. Embassy in Berlin,
Germany, January 1933, to State Department in Washington, D.C,)
The Standard Oil group of companies, in which the Rockefeller family owned a one-quarter
(and controlling) interest,1 was of critical assistance in helping Nazi Germany prepare for
World War II. This assistance in military preparation came about because Germany's
relatively insignificant supplies of crude petroleum were quite insufficient for modern
mechanized warfare; in 1934 for instance about 85 percent of German finished petroleum
products were imported. The solution adopted by Nazi Germany was to manufacture
synthetic gasoline from its plentiful domestic coal supplies. It was the hydrogenation
process of producing synthetic gasoline and iso-octane properties in gasoline that enabled
Germany to go to war in 1940 and this hydrogenation process was developed and
financed by the Standard Oil laboratories in the United States in partnership with I.G.
Farben.
Evidence presented to the Truman, Bone, and Kilgore Committees after World War II
confirmed that Standard Oil had at the same time "seriously imperiled the war preparations
of the United States."2 Documentary evidence was presented to all three Congressional
committees that before World War II Standard Oil had agreed with I.G. Farben, in the so-
called Jasco agreement, that synthetic rubber was within Farben's sphere of influence, while
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