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The Oligarchs Who Came to Regret Supporting Hitler
They helped him in pursuit of profit. Many ended up in concentration camps.
In my recent book, Takeover: Hitler’s Final Rise to Power, I chronicled the fraught relationship between the tyrant and the titan, but my story ended in January 1933, so I did not detail the subsequent impact on Hugenberg’s fortunes, let alone the catastrophic consequences that lay ahead for other corporate leaders, their companies, and their country. “The speech made a deep impression on the assembled industrialists,” Thyssen said, “and in consequence of this a number of large contributions flowed from the resources of heavy industry into the treasuries of the National Socialist party.” This financing, estimated at a still-cautious 2 million marks annually, was channeled through a trusted intermediary: Alfred Hugenberg. The arrangements were cloak-and-dagger: Hitler made an unscheduled, early-morning exit from a train in Bonn, entered a hotel, ate a quick breakfast, then departed in a waiting car with curtained rear windows to be driven to the Schröder villa while a decoy vehicle drove in the opposite direction.
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