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Secondly, although the loans were officially given to Germany to ensure the payment of reparations, in reality, they were designed to restore the country’s military-industrial potential. In fact, the Germans paid off the loans with shares of German companies, allowing American capital to actively integrate itself into the German economy. The total amount of foreign investment in German industry from 1924-1929 amounted to nearly 63 billion gold marks (the loans accounted for 30 billion of this), and 10 billion in reparations was paid off. American bankers – primarily J.P. Morgan, provided Seventy percent of Germany’s financial income. As a result, as early as 1929, Germany’s industry was second in the world, but to a large extent it was in the hands of America’s leading financial-industrial groups.

Thus, I.G. Farben, the company that became the German war machine’s key component, was under the control of Rockefeller’s Standard Oil at the time it funded 45 percent of Hitler’s election campaign in 1930. Through General Electric, J.P. Morgan controlled the German radio and electrical industry in the form of AEG and Siemens (by 1933, General Electric owned a 30 percent stake in AEG). Through telecom company ITT, he controlled 40 percent of Germany’s telephone network and 30 percent of aircraft manufacturer Focke-Wulf. Opel was taken over by the Dupont family’s General Motors. Henry Ford held a 100 percent stake in Volkswagen. In 1926, with the participation of Rockefeller bank, Dillon Reed and Co., the second largest industrial monopoly emerged – metallurgical firm Vereinigte Stahlwerke (Unified Steel Trusts) of Thyssen, Flick, Wolf, Fegler, etc.