Summary of Antony C. Sutton's Wall Street and the Rise of Hitler
(eBook)

Grouping Information

Hoopla Extract Information

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    [language] => ENGLISH
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    [title] => Summary of Antony C. Sutton's Wall Street and the Rise of Hitler
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    [synopsis] => Please note: This is a companion version & not the original book.

#1 The post-World War II Kilgore Committee of the United States Senate heard detailed evidence from government officials that American financial assistance had helped build the German cartel system, and the German Wehrmacht.

#2 The American business press was aware of the Nazi threat and the nature of German war preparations, and they warned their readers about them. They were also aware of the financial burden imposed on Germany by the Treaty of Versailles, and they used it for their own benefit.

#3 The reparations Germany was required to pay after World War I were fixed at 132 billion gold marks. In 1924, the Allies appointed a committee of bankers to develop a reparations plan. The resulting Dawes Plan was largely a J. P. Morgan production.

#4 The Young Plan was a successor to the Dawes Plan, and it was designed by Morgan agent Owen D. Young. It required payments in goods produced in Germany financed by foreign loans. German firms with U. S. affiliations evaded the Plan by the device of temporary foreign ownership.
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