Transcription of Against the mainstream: Nazi privatization in 1930s Germany
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Against the mainstream: Nazi privatization in 1930s Germany
Against the mainstream: Nazi privatization in 1930s Germany Germ Bel* Universitat de Barcelona i ppre-IREA Contact data: Germ Bel Ppre-IREA Departament de Pol tica Econ mica i EEM. Torre 6, planta 3 Facultat d Econ miques UB Avd. Diagonal 690 08034 Barcelona SPAIN Tel: e-mail: * This research project has received financial help from the Fundaci n Rafael del Pino, and from the Spanish Ministry of Science and Technology under the Project BEC2003-01679. Much of the work on this paper was done while I was visiting scholar at Harvard University. Preliminary versions of the paper have been presented at Georgetown University. Comments and suggestions from Xavier Coller, Jost D lffer and Luis Quiroga and an anonymous referee have been useful. I am fully responsible for any remaining errors.
5 Steel and mining: In 1932, the German government bought more than 120 million marks of shares in Gelsenkirchen Bergbau (Gelsenkirchen Mining Company), the strongest firm inside the Vereinigte Stahlwerke A.G. (United Steelworks).6 At that time, the United Steel Trust was the second largest joint-stock company in Germany (the largest was Farben Industrie A.G.).
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