Jump to ratings and reviews
Rate this book

Wall Street and the Rise of Hitler

Rate this book
The contribution made by American capitalism to German war preparations can only be described as phenomenal. It was certainly crucial to German military capabilities.... Not only was an influential sector of American business aware of the nature of Nazism, but for its own purposes aided Nazism wherever possible (and profitable)―with full knowledge that the probable outcome would be war involving Europe and the United States.”

Penetrating a cloak of falsehood, deception, and duplicity, Professor Sutton reveals one of the most remarkable and under-reported facts of World War II―that key Wall Street banks and American businesses supported Hitler’s rise to power by financing and trading with Nazi Germany. Carefully tracing this closely guarded secret through original documents and eyewitness accounts, Sutton comes to the unsavory conclusion that the catastrophe of World War II was extremely profitable for a select group of financial insiders. He presents a thoroughly documented account of the role played by J.P. Morgan, T.W. Lamont, the Rockefeller interests, General Electric, Standard Oil, and the National City, Chase, and Manhattan banks, Kuhn, Loeb and Company, General Motors, Ford Motor Company, and scores of others in helping to prepare the bloodiest, most destructive war in history.

First published January 1, 1976

Loading interface...
Loading interface...

About the author

Antony C. Sutton

66 books170 followers
Anthony Sutton was a research Fellow at the Hoover Institution, Stanford University, from 1968 to 1973. He is a former economics professor at California State University Los Angeles. He was born in London in 1925 and educated at the universities of London, Gottingen and California with a D.Sc. degree from University of Southampton, England.

Ratings & Reviews

What do you think?
Rate this book

Friends & Following

Create a free account to discover what your friends think of this book!

Community Reviews

5 stars
99 (43%)
4 stars
78 (33%)
3 stars
37 (16%)
2 stars
9 (3%)
1 star
7 (3%)
Displaying 1 - 25 of 25 reviews
Profile Image for Friedrich Mencken.
94 reviews67 followers
December 22, 2014
I found this book by Sutton to be a mixed bag of interesting speculations and misleading semi-true assertions (at times sparsely sourced at that) and I suspect many readers have drawn even more radical conclusions than the book implies.

Sutton points the finger at a variety of alleged Hitler financiers but what he neglects to inform the reader is that many of the wealthy industrialists and aristocrats mainly financed the Center party (Catholics) and the nationalists (royalists) and to a much lesser extent the National socialists (as they were opposed to the power of the papacy and did not want to reinstate the monarchy) and then only as a means to try to get influence over a political force (Nazis) and as a bulwark against communism (who was being financed and supported from Moscow). For example the steel cartel Vereinigte Stahlwerke A.G. did finance the National socialists but to a much lesser extent than the Center party and the nationalists as is shown in the book, Who financed Hitler by James Pool.

Another point that is very important is the fact that “the [Nazi] Party during the period before 1933 was financed first and foremost by means of membership dues and collections within their own ranks” and secondly small businesses (Who financed Hitler p.384). Not by big business or international capital, it was not until they (the National socialists) already where a political force that some wealthy industrialists and aristocrats started to show any interest.

Sutton mentions Otto Wolff as one of Hitlers financiers which was actually an attempt at subversion rather than support for Hitler as Pool shows.
“Otto Strasser later wrote that he was with Stennes when Captain Ehrhardt arrived at their headquarters during the rebellion and said: “I have come to offer you money” Ehrhardt then went on to explain that he was acting as an intermediary for Otto Wolff, the owner of a multimillion dollar steel and coal concern” Who financed Hitler p.378

Pool goes on to say:
“There was another prominent industrialist, Paul Silverberg who also tried to disrupt the Nazi party by financing Hitlers rival, Gregor Strasser.” (p.379) Because “in Gregor Strasser they believed they had found a man who would be willing to work in cooperation with other parties, and if necessary able to split the Nazi party itself.” Who financed Hitler p.384

Michael Collins Piper expresses his view on the matter in his book Ye shall know the truth
“Large contributions from corporations where relatively few and far between and, despite the ever-present myth that “Jewish bankers financed Hitler,” the truth is that the one definite contribution from a Jewish financier, one Paul Silverberg, to anyone associated with the Nazi Party was actually provided to Gregor Strasser, who was actually one of Hitlers rivals inside the Nazi Party, such donation having been given to stop Hitler rather than to support him!” Ye shall know the truth p.77

Veronika Clark agrees that Suttons claims are thin and misleading.
“The only link I, or any serious historian, can make as far as funding from Rothschild or Warburg is totally indirect. And this is where Antony Suttons Wall Street and the rise of Hitler comes in to play. It was through Standard oil and there was also a small subsidiary of I.G Farben, which was a massive corporation known as A.E.G in the United States. I believe it was Warburg that was on the board [of directors] of A.E.G and Standard Oil, therefore the Warburgs financed Hitler? That’s insane! Just because he was a board member, and the other thing is the funding that actually came through was strictly in the technical sphere. Standard oil was part of the development of buna, synthetic rubber and fuel”

The driving force is just the basic logic of capitalism as Clark points out.
“so this idea that they just handed Hitler cash is silly, they were interested in reaping more profit, merely industrial interests that’s all, any company or corporation is going to do that.”
Deanna Spingola and V.K. Clark - Freemasonry, Communism, Illuminati, Hitler and the Reichstag Fire
https://www.youtube.com/watch?v=2O3__... at 1:15:07

Michael Collins Piper concludes that
“American banks and corporations did work with the Hitler regime, usually a continuation of previous financial arrangements with German governments going back decades, but this was not part of any grand conspiracy to bring Hitler to power.” Ye shall know the truth p.76

And continues
“even the suggestion that any bankers of any ethnic persuasion had any substantial roll in financing Hitler is also a myth. The late Antony Suttons Wall Street and the rise of Hitler has promoted this theory, based in part on the [Sidney] Warburg travesty, and has given further institutionalization to this mythology – the truth be damned. In fact Suttons aforementioned book, which also hints at Rockefeller backing for Hitler, exploring the topic at some length over several pages, actually concludes with the assessment that there is, in fact, no real proof of even Rockefeller support for Hitler! It is as simple as that. There was no big conspiracy by the Bush family, or the Rockefellers or any Jewish financial interests to advance Hitler and the Nazi Party. And anyone who is interested in the truth about who financed Hitler, they need only refer to the foremost study on the topic, Who financed Hitler by James Pool” Ye shall know the truth p.76-77
Profile Image for David Sarkies.
1,850 reviews332 followers
July 10, 2015
Doing business with Hitler's Germany
8 October 2011

In a sense this book is little more than a conspiracy theory trying to link Wall Street with the rise of Nazi Germany. I shouldn't really say that it is a conspiracy because it is true. Wall Street was in with Hitler's rise hand and fist, and one of the main reasons is that Hitler was their kind of guy and they were also hoping that Hitler would act as a counter balance against the rise of Communism in Russia. However the problem is that Hitler was uncontrollable, but that is no reason not to make money out of him, which is really the only thing that drives Wall Street.

At the time, Hitler was not seen to be all that bad, and then again, nobody really wanted to confront him. Granted that if the allies had intervened in 1933 then it is unlikely Hitler would have been able to defend against them, particularly since the German Army was still recovering from the restrictions placed upon it after World War I, but nobody did. However, it was only when it became clear that he could not be trusted, it was simply too late to attack Germany, and in fact after war was declared in 1939, nothing actually happened until 1940 when Germany invaded France.

So, during that time, namely 1933 to 1939, there were no restrictions or limitations on Germany, and in fact the view was that it was better to have Hitler in Germany than Moscow. Up until the Nazi's took control of parliament in 1933, Germany was torn by two radical views: the communists and the facists. We considered that these days there is a huge bipartisan rift tearing the United States apart, but this is nothing compared to some countries in the world today, let alone back in Germany which was in the throes of the Great Depression (which had hit the country particularly badly).

Anyway, it is all well and good to write a book in 1975 looking back to the period between 1933 and 1939 and say, 'hey, look at what Wall Street did and who they made money off' when it was pretty much the done thing. Hitler wasn't under any economic sanctions, and it was not illegal to do business with Germany. Granted, he was given much of the technology needed to wage a modern war, but it was supposed to be against Russia, which was why the peace treaty between Stalin and Hitler was such a shock. It wasn't supposed to happen. However, by then it was too late, Hitler had the money and the technology to then declare war against the Allies.
Profile Image for Cwn_annwn_13.
495 reviews72 followers
July 28, 2010
This one is sure to bum out those that see Hitler as some sort of great white hope with pure clear cut motivations and devoid of any Jewish influence, as well as brainwashed "patriotic" Americans that only see America as the good guys or Jews that fail to admit the deviousness of high level Jews in the business and banking world.

Wall Street and the Rise of Hitler documents how American Wall Street Bankers and Corporations funded Hitler and made money aiding the German war effort. To list a few things that Sutton brings out for one Hitlers "financial genius" Hjalmar Schachts family had its origins in New York, not Germany. The Schacht family worked for a banking house that was controlled by the J.P Morgan firm. Schacht also frequently attended meetings with international bankers in Switzerland and kept a representative there most of the time. Also the German industrialists financing Hitler were predominantly directors of cartels with American associations, ownership, participation or some form of connection. Probably the most bizarre things that was brought out is that Hitler granted "honorary Aryan" status to many Jewish bankers who were allowed to operate business as usual before, during, and after WW2 all the while the masses of Jews were being rounded up and put into concentration camps.

Sutton documents how General Motors, Ford, General Electric, Dupont, I.G Farben, Standard Oil all made huge amounts of money in Germany before and during WW2. All of these but Ford were totally controlled by the big bankers. Although Sutton only brings this up in a few instances, most of these banking houses were for the most part owned and ran by Jews. This remains the most mind boggling question mark about this whole affair to me. When you consider these facts and Hitler granting "honorary Aryan" status to elite Jewish bankers, eventually backstabbing many good people like the Brownshirts, the Strassers, Walther Darre and a lot of other people who were loyal to him along with his overaggressive war mongering and in the end suicidal war policy it really opens the door to a lot of conspiracy theories that go in a lot of directions. Oh what a tangled web they weave.

102 reviews
April 28, 2009
This is probably one of the most eye opening books I've ever come across. Anthony Sutton painstakingly presents financial documents from the vaults of the Third Reich as well as the United States. He proves, without theorizing, that factions within America's financial elite, including people of Jewish descent, funded Adolf Hitler. Brown Brothers Harriman Bank was deeply involved, whose president at the time was Prescott Sheldon Bush, George H.W.'s father and George W's grandfather.

Explosive and absolutely stunning.
Profile Image for Public Scott.
644 reviews26 followers
August 24, 2017
Have you ever heard of "Putzi" Hanfstaengl? He's the American-born Harvard grad bosom chum of der Fuhrer who helped his pal hide out on the night of the Beer Hall Putsch and possibly opened the back door of the Reichstag so the brownshirts could set it ablaze. He's one of the interesting people featured in Wall Street and the Rise of Hitler. Apparently Putzi, known to lunch with FDR at the Harvard club in Manhattan, became gutfreunds with Hitler in the 1920s. Hitler was a big fan of Putzi's old Harvard football cheers and supposedly adapted "Sieg Heil" from "Harvard Harvard, rah rah rah." Even if it's not true, it's hilarious. But it does have a certain truthiness, nein?

This book is stocked with fascinating and damning evidence of precisely how eager America's economic elites were to help the Nazi party and Hitler sweep into power in Germany. The boards of big corporations like GE, ITT, and Standard Oil New Jersey (now known as ExxonMobil) were lousy with Nazi sympathizers who used their companies to provide the Reich with cash, technology, and resources throughout the 1930s and into the '40s. Don't take my word for it, read this book and see for yourself.

One other delectable tidbit - though you can't say Henry Ford was necessarily part of Wall Street, he was certainly among the economic elite. He and Hitler had a nice little mutual appreciation society that actually predated Hitler's prison hitch. Ford was sending his Austrian admirer money as early as 1922! At one point Adolf had a big portrait of Ford in his office as well as German translations of The International Jew sitting on the coffee table for guests to peruse. Hitler loved Ford so much he gave him the Grand Cross of the Supreme Order of the German Eagle as a 75th birthday present. I realize this isn't exactly secret knowledge, but somehow those kind of details rarely make it into the mainstream History Channel presentation.

So it's a fun book, with a lot of memorable details. The author has a weird tendency to paint National Socialism, Bolshevism, and American state capitalism with the same socialist brush. This book is part of a series that also explored how Wall Street involvement was crucial for the early Soviets and FDR's New Deal. Personally I don't see the similarities as starkly as the author seems to, but I can certainly appreciate his mistrust of Wall Street.
Profile Image for Pam Walter.
233 reviews23 followers
February 15, 2016
I was stunned and terrified after the first chapter. While I would prefer to think that Antony C. Sutton's claims are unfounded assertions, his education and background suggest otherwise. Most of the claims made by this historian are fully footnoted and include copies of bank drafts. While I was aware that I.G. Farben contributed largely to the Nazis, I did not know that they had an American subsidiary. While I knew that Henry and Edsel Ford contributed, I did not know that they established a factory in Nazi occupied France. If even some of Mr. Sutton's assertions are accurate, then Nazi Germany did advance technology and garner massive funding with the assistance of this country. I would have liked to think that any assistance the United States rendered unto Hitler, occurred prior to 1933. His claim is that some banks and manufacturers continued to contribute funds and support right to the end of the war. There is a lecture that was taped prior to Sutton's death which reiterates much that is claimed in the book, and speaks also to his other writings. https://www.youtube.com/watch?v=Sah_X... Now I will have to read James Pool's book "Who Financed Hitler: the secret funding of Hitler's rise to power, 1919-1933" http://trove.nla.gov.au/work/5434185?... I may have to come back and change my rating. Not sure which way the stars would go.
Profile Image for JJ.
JJ
193 reviews19 followers
January 3, 2018
Professor Sutton proves that World War II was not only well planned, it was also immensely profitable for a small minority of Wall Street insiders. Professor Sutton provides original documents and eyewitness accounts of the roles played by J.P. Morgan, Henry Ford, Rockefeller interests, and General Electric to name a few of the financial elite that the author proves not only profited and funded Nazism but even created the German Cartel System in the early 1920s that gave rise to giants such as I.G. Farben. Great analysis and a must read for anyone passionate about the invisible government running America.
Profile Image for Peter A..
1 review
September 17, 2016
Antony Sutton doesn't mess around. He simply has rock solid documentary evidence which he presents in the proper fashion. His case is systematically, intelligently, and perfectly laid out. There is no doubt; Brown Brothers Harriman and other American banks funded the Nazis. Now do you really think that today's big banks are any different? Sutton's work brings people out of Plato's cave. I can't wait to read all his other books.

There is simply no greater exposé author. For those of you out there who don't know who Antony Sutton is, I suggest you check out his Goodreads author profile. He was a research Fellow at the Hoover Institution, Stanford and an economics professor at CSULA. He published book after book containing absolutely mind-blowing information. After reading only one of his books, he is my favorite author.
J.
67 reviews
May 23, 2018
Definitely an improvement on the middle one, but still not as well researched and too reliant on information he'd already used. Sutton has basically hit on a fairly obvious thesis that is still borne out today when you look at how big corporations and banks choose to back politicians... they back both sides in order to hedge their bets... they backed the Nazis because they were *the* power that be at the time in one of the World's largest economies... they wanted to make money... there really isn't anything secret about that... and if you want information on Krupp and IG Farben and the bank of international settlments... there's better and more authoritative accounts out there.
Profile Image for Tim O'Hearn.
263 reviews1,170 followers
September 19, 2016
A book that can elicit a daylong episode of pondering or outright disgust. The evidence is arranged neatly (though sometimes redundantly) and the final chapter is a knockout blow of epic proportions. It is funny how conditioned we are as a society to view "conspiracy" theorists as lunatics with mental health issues. While I found some of the conclusions farfetched, none of the claims seemed entirely baseless.
Profile Image for Mikhail Efimov.
8 reviews1 follower
December 1, 2015
Я уже не удивляюсь тому, что американские финансисты поддерживали Гитлера вплоть до 1944 года...
Profile Image for Rinstinkt.
215 reviews
October 19, 2022
This book by A. C. Sutton provides evidence from multiple angles that Hitler and the NSDAP were financed by multiple entities from Wall St.

Sutton just presents the facts. Sutton doesn't discuss the issue if all the subsequent actions of Hitler were the result of this financing, or just the initial actions. He might have promised some things, then done others...

Strong similarities between the New Deal and the German recovery plans. This is not strange, since the men who wrote the New Deal and presented it to Roosevelt, were the same men that owned big chunks of shares in the most dominant German Corporations at the time, who either had branches or were branches of US sister corporations. Fun Fact: The directors of these german corporations were found guilty and prosecuted for war crimes after WW2, while the american directors of the same corporations weren't prosecuted, on the contrary they tried hard to conceal this involvement.

The Empire of I.G. Farben and American I.G. I.G. Farben factories were almost NEVER targeted for bombing, although most of what they produced during the war was for the military, including the infamous zyklon B gas.

General Electric. (Apparently these guys also had dealings in the S.U. )

Standard Oil and the patents on the process for extracting synthetic fuel from german coal. Germany had no oli. Hence, the oil fields in Romania were essential for the war (not mentioned in this book, since outside its scope). Ethyl Lead for the Wehrmacht.

I.T.T. paves the way for fast communication. I wonder if this was one of the essential components for a successful blitzkrieg!

Henry Ford.

Direct financing of Hitler in 1933.

The book by the pseudonymous author "Sidney Warburg". Sutton tends to believe this was the work of a secret agency or government of one of the countries that were the target of war, mainly France and the Soviet Union, since the book contained very secret information that was discovered only decades later (The book was published in 1933 in Dutch, and after just a few days was removed from circulation, but 3 copies survived!...)
Profile Image for Félix Tremblay.
74 reviews1 follower
July 22, 2022
Some very important information usually ignored. Some suppositions too. But then you don't have a choice with a book like this, since a lot of original documents were destroyed.
27 reviews
March 27, 2019
Muy buen libro, muy completo. Lo bueno es que incluye la bibliografía y los documentos en los que se basa, es decir las fuentes, así que no son aseveraciones en el aire.
Profile Image for Davy Bennett.
636 reviews14 followers
Want to read
February 20, 2024
I loved the book Wall Street and the Bolshevik Revolution by Sutton. Tremendous.
May have to buy the Trilogy to get this Hitler one.

I wrote a review in order to share information on a book that seems to complement this one.

The Trial of IG Farben was a tremendous book. It details a lot of shenanigans in the oil industry that took place here in Houston and elsewhere, has a lot about the Nazi scientists getting help from Exxon-Standard Oil and then not sharing vital synthetic rubber technology to us as promised.

Shicklgruber knew synthetic oil was not cost effective but paid the bill for it because he knew he would need it.
1 review
November 28, 2022
The pursue of profits is what drove many investors to support movements like Hitler's Nazism because it opposed the Communist agenda. One Jew called Karl Marx stated A Capitalist will sell the rope to be used to hanged him from the neck, if a good profit can be attained from it. In this idea we see the Western Oligarchs made billions from investments in China exploiting its low wages, and now we can see China is that rope Karl Marx was talking about and now is back to hang the Western oligarchy.
Profile Image for Nigel McKenna.
5 reviews
July 6, 2023
Poland provoked Germany into starting World War 2. The 2 men most to blame were Polish leader Marshall Edward Rydz Smigley and his foreign minister Joseph Beck. Yet these men are never mentioned in official historical reviews/books on World War 2. Their crimes have been conveniently forgotten about..
Profile Image for Jane.
300 reviews5 followers
May 20, 2016
Disclaimer to say that I'm really not qualified to judge the reliability and academic merit of this book, nor was I sufficiently motivated to do further research.

Found this in some free bin several years ago and it's been lying around the house ever since, so I figured I should probably give it a shot. Interesting thesis. I have no doubt that lots of influential and moneyed Americans did business with Hitler to make profit. But the writing is super dry and after a while it felt too much like being in school again and so to be honest, I skipped most of Part 2 and just read ahead to the conclusion.
Profile Image for N.
N
118 reviews
October 21, 2023
It's surprising to see how little people know about the funding of terrorism by USG & the central banking cartel. The Nazis were just 1 group used by USG, as well as other groups I'm sure, such as the Crown in Britannia. Even to this day the cabal continues to operate without any opposition, utterly shameful where this modern day "*democracy*" has headed
Displaying 1 - 25 of 25 reviews

Can't find what you're looking for?

Get help and learn more about the design.