DOCSLIB.ORG

Activities of Transnational Corporations in South Africa

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Activities of Transnational Corporations in South Africa Activities of Transnational Corporations in South Africa http://www.aluka.org/action/showMetadata?doi=10.5555/AL.SFF.DOCUMENT.nuun1978_09 Use of the Aluka digital library is subject to Aluka’s Terms and Conditions, available at http://www.aluka.org/page/about/termsConditions.jsp. By using Aluka, you agree that you have read and will abide by the Terms and Conditions. Among other things, the Terms and Conditions provide that the content in the Aluka digital library is only for personal, non-commercial use by authorized users of Aluka in connection with research, scholarship, and education. The content in the Aluka digital library is subject to copyright, with the exception of certain governmental works and very old materials that may be in the public domain under applicable law. Permission must be sought from Aluka and/or the applicable copyright holder in connection with any duplication or distribution of these materials where required by applicable law. Aluka is a not-for-profit initiative dedicated to creating and preserving a digital archive of materials about and from the developing world. For more information about Aluka, please see http://www.aluka.org Activities of Transnational Corporations in South Africa Alternative title Notes and Documents - United Nations Centre Against ApartheidNo. 9/78 Author/Creator United Nations Centre against Apartheid; Seidman, Ann W.; Makgetla, Neva Publisher United Nations, New York Date 1978-05-00 Resource type Reports Language English Subject Coverage (spatial) South Africa Coverage (temporal) 1965 - 1978 Source Northwestern University Libraries Description Transnational investments in strategic sectors of South Africa's economy. Format extent 98 page(s) (length/size) http://www.aluka.org/action/showMetadata?doi=10.5555/AL.SFF.DOCUMENT.nuun1978_09 http://www.aluka.org N OTES AND D&GUMENTS. N OTES AND D&GUMENTS. 9/78 ,- , , I I. Z . lJf 1978 v-: r7 ; r9 Aft a ACTIVITIES OF TRANSNATIONAL CORPORATIONS IN SOUTH AFRICA by Ann W. Seidman and Neva Makgetla !Note: This paper, prepared by Ann W. Seidman and Neva Makgetla is published at the request of the Special Committee against Apartheid. Professor Seidman is Visiting Professor in the Economics Department Of the University of Massachusetts - Amherst, and Affiliate Professor in the International Studies Programme at Clark University, Worcester (Mass.). She is the author of a number of books and articles on the economies and development of southern Africa. Mrs. Makgetla is a student at Harvard University. The views expressed are those of the authors.]7 7 8-1phP * All material in these notes and documents may be freely reprinted. Acknowledgement, together with a copy of the publication containing the reprint, would be appreciated. -i Introduction........* ... , . .o . 1 A.Aimofthisreport.................... 3 B. Overall pattern of foreign investment . ..... ... 4 II. Transnational investments in strategic sectors of South Africa's economy.0.. ... .*# ..*................ 11 A. Basic manufacturing industries . .. .. .. .. .. U i 1.Overview...*** ..,.& ..# ............. 1 a.Reasonsforinvestment... ....... .....,,. Ui b. South African military market ...... *..... .. 12 c. Manufacturinginvestment bycountryof origin.. .. .. 16 2.IronandSteel.... ........*&# .. *** ...* 20 a.ISCOR ........... * ......... ....o20 b. United Kingdom steel companies. ..... .... .... 21 c. Steel companies from Federal Republic of Germany .. .. * . * 24 d. United States steel companies ........ ... .. 25 e. The Japanese steel market .... ......... 25 f. Israeli steel interest o . o . 26 3e Chemicals ....................e & , . ...... 26 a. Role in South African industry .... .. .. 26 b. Imperial Chemicals Industries of the United Kingdom . 27 c. Sentrachem, the South African chemicals parastatal . .. 29 d. Hoechst and BASF of the Federal Republic of Germany . 30 e. United States chemicals firms.*oo ******** oo 31 4. Motorvehicles... .... ..**..*.....&.#*.31 a.A"choseninstrument"..0a0*0.#0a*.*0.0.0**31 b. United States auto firms: General Motors, Ford, Chrysler........ ... ..&** ..o a .. 32 c. British Leyland...... ..... * * & o * e * * * 34 d. Daimler-Benz and Volkswagen . * . *. * * * * 34 e. Japanesefirms'involvement. *....* ** .***** 36 f.Frenchfirms . a a*eo**ea* a*38 g. Wages and working conditions in auto industry . .. * 38 -Pag 5. Electrical equipment and appliances . o * o * . o * o * 41 a.Boleintheeconomy. *o *.... ** . oo&o 41 b. United States firms: General Electric, ITT and Sperry Band .. .. .. ... ... .. .. 41 c. United Kingdom electrical firms... .... .... .. 42 d. Electrical firus from the Federal Republic of Germany0........... ** ** * **** 3 e. Growing French involvement......... * . o o . 44 f.Philips........**.******.***. * * 44 g. Japaneselcencedbusiness... ........... 45 h. Swiss electrial firms , i .. .. .. .. .. 46 i*Computers..... ............. ...o* 46 6. Nucleartechnology... .....o.. .......... 48 a. Implications for South African economy. a ..... .. 48 b. Federal Republic of Germany contribution. ... ....... 49 c. United States involvement...... ............ 51 d. International competition and the French "victory". .. 52 7. Rubber. .... * .......oa&*....*53 a. Dunlop, United Kingdom . .. .. .. .. 53 b. Goodyear and Firestone, United States . * * * . 53 c. Japanese and United States co-operation........... 54 8. Otherindustries. .............. &.. ..... 54 a. Engineering................. ...... 54 b. achinery except electric, ............... 55 c. M(iscellaneous industries . .. .. a. .. 57 B. Oil idustry ." . 59 1. SouthAfrica'sexternaldependence........... * .. 59 a.TheroleofSASOL.**....0060*.*...0#... 59 b. Transnational oil compeny exploration. ........... 60 -iii 2. Transnational oil refineries in South Africa.. , * . * * . * * , 1 a. shell and BP.................... o . 61 b. Mobil....,,. ... o .*.*..*.**.*..*..62 c. Standard Oil of California and Texaco. .... 63 d. Compagnie Franaise des Petroles/Total. ....... 63 C.Mining.... .... ..o& ..a..*...***. 64& 1. Economic background . .. * .......... 64 2. UnitedKingdominvestments.... .....&.,........... 64 a. Anglo-American. ........ * -a o o... 64 b. Goldfields South Africa .................... 64 c. RioTintoZinc. ... ................... 66 d. Lonrho.oo ........................ 66 3. United States direct investment . .. .. .0. 67 a. Overview........................... 67 b. EngelhardMineralsandChemicalsCorporation......... 67 c. AMAX .. .oao aooo o,..* .ooo *o. 68 do Newuont.....,... ..........,....., 68 e. PhelpsDodge.... ... ... ..o......... 68 4. Minatome-French uranium-mining company . o o . * 0 0 a 0 0 0 0 69 5. DiamondIndustry-DeBeers...o. ............... 69 6. Otherrecentminingprojects .................oo 69 D. Transnaticnal banking and finance corporations . o 72 l. Difficulties of obtaining data . .... ...... 72 2. Transnational banks with South African branches or subsidiaries . o . 73 a.BarclaysGroup....... .. .. 0* 0* 0a** # .... 73 b.Standard Bankof South Africa. o o o o ooo0 0 0 0 0 a0 . 76 co Hilsam.... ... ... ..ooooooo# 6 -iv- d. Citicorp/Citibank...........* * * . * * * 76 e. Chase pnhattanBank.................... 77 f. Bank of America ............... o o o o o o o 77 g. TheFrenchBank... .... ..... ... oo*o 78 h. UDC ..*.* . * v.......*...... 78 i. Role of transnational affiliate banks in South Africa'seconomy..o................. 79 3. Transnational banks as wholesalers for credit to South Africa o . 82 a. Federal Republic of Germany banksbio. , o nn s. .. ... .. 82 b, Swissbanks.*o.*****o*. * #*.. **.* a 83 c. The Japanese connexion....... .*.o * e.... 84 do Transnational bank ing consortia. .............. 84 4. Transnational banks' mobilization of foreign capital forSouthAfrica. ....... *.........* .. 86 a. SouthAfrica'soveralldebt...o.... o .. *o ... 86 b. Leading transnational banks' role in mobilizing capital...............* ...... .. 86 c. Home Government insurance and guarantee programmes . .. .. 89 d. SouthAfricangold...*.0*....... ... ..... 91 IIISummaryandconclusicns... .... oo . ....*.. &*&0 92 Overseas capital has nlayed a central role in the last two decades in transfornina the South African econory into a modern industrialized economy. About three times as much foreign capital JTas invested in "outh Africa in the first two nost- World Iar IT decades as bad, been invested in the entire Prewar era. By l75, foreipn investment constituted almost a nuarter of all investment there. South Africa has always relied very heavily on Poreirn canital for its economic growTh. figures below indicate that this carital dependency is increasing. I . I TIPRODU)IO!]~f Table 1. Role of foreign capital in the financing of gross domestic investment 1965 - 1975 (Million rands and dollars) Foreign capital Net inflow of as a percentage capital from the Gross domestic of gross domestic rest of the world investment investment 1965 255 293 219P 252P 11.6 1966 141 162 20104 2420 6.7 1967 162 1A6 2601 3005 6.0 1968 456 524 2483 2855 18.4 1960 180 207 304 I?!ao 5.9 1970 541 622 3701 4256 14.6 1971 764 870 4210 421h2 19.1 1972 407 V48 3976 )572 10.2 1973 -15P -12 h 016 5 ,53 1974 774 80 6880 702? 11.2 1975 1774 2040 7755 8918 22.9 Source: South African Peserve Bank, Quarterly Pulletin, "arch 1073; June 1976. Table 2. Breakdown o-1975 investment byvsector (Million rands and dollars) Public authorities 2 46P 2 P3p, Public corporations 1 244 1 431 Private business 4 013 4L 6h Total 7 755 8 018 Source: South African Reserve Bank, Quarterly Bulletin, June 176. A. Aim of this report The aim of
Load more

Recommended publications
  • REGISTRATION FORM (43 1) 712 41 65 (43 1) 714 67 69 Fax Back To: Marizel Aguirre, Client Relations Executive on (43 1) 712 41 65
    Five easy ways to register 1. Fax REGISTRATION FORM (43 1) 712 41 65 (43 1) 714 67 69 Fax back to: Marizel Aguirre, Client Relations Executive on (43 1) 712 41 65 ρ Yes, please register me and/or my colleague(s) for The Ninth Business Roundtable 2. Telephone with the Government of Poland, April 16th, The Westin, Warsaw (43 1) 712 41 61 41 and return this form to confirm your registration A Delegate details 3. Online (Please photocopy this form to register more than one delegate) Our Ref: PAIZ Register online at: Surname (Dr/Mr/Mrs/Ms): www. economistconferences.com First name: __________________________________________________________ 4. E-mail Job title: ____________________________________________________________ E-mail your details to: [email protected] Region of responsibility: ρ Global ρ EMEA ρ CEEMEA ρ CEE ρ EU ρPoland Company: __________________________________________________________ 5. Post Post the completed form Company VAT No.:____________________________________________________ with your payment details to: Nature of business: ___________________________________________________ Marizel Aguirre Economist Conferences Address: ___________________________________________________________ Öelzeltgasse 3/7 Town/city: __________________________________________________________ 1030 Vienna, Austria Postcode: Country: NB: Delegate fee(s) must be paid in full prior to the event. Tel: Fax: E-mail: _____________________________________________________________ Substitutions/cancellations If you are unable to attend the conference for any reason, you may make B Pricing details and special offers substitutions at no extra charge but we would appreciate prior notice. If you wish Standard delegate fee (including documentation): EURO 1,750 per person to cancel your booking we require at least EURO 200 discount when two or more delegates from the same company register together. 21 days' prior written notice.
    [Show full text]
  • Barings Bank Disaster Man Family of Merchants and Bankers
    VOICES ON... Korn Ferry Briefings The Voice of Leadership HISTORY Baring, a British-born member of the famed Ger- January 17, 1995, the devastating earthquake in Barings Bank Disaster man family of merchants and bankers. Barings Kobe sent the Nikkei tumbling, and Leeson’s losses was England’s oldest merchant bank; it financed reached £827 million, more than the entire capital the Napoleonic Wars and the Louisiana Purchase, and reserve funds of the bank. A young rogue trader brings down a 232-year-old bank. and helped finance the United States government Leeson and his wife fled Singapore, trying to “I’m sorry,” he says. during the War of 1812. At its peak, it was a global get back to London, and made it as far as Frankfurt financial institution with a powerful influence on airport, where he was arrested. He fought extradi- the world’s economy. tion back to Singapore for nine months but was BY GLENN RIFKIN Leeson, who grew up in the middle-class eventually returned, tried, and found guilty. He was London suburb of Watford, began his career in sentenced to six years in prison and served more the mid-1980s as a clerk with Coutts, the royal than four years. His wife divorced him, and he was bank, followed by a succession of jobs at other diagnosed with colon cancer while in prison, which banks, before landing at Barings. Ambitious and got him released early. He survived treatment and aggressive, he was quickly promoted settled in Galway, Ireland. In the past to the trading floor, and in 1992 he was “WE WERE 24 years, Leeson remarried and had two appointed manager of a new operation sons.
    [Show full text]
  • The Reason Given for the UK's Decision to Float Sterling Was the Weight of International Short-Term Capital
    - Issue No. 181 No. 190, July 6, 1972 The Pound Afloat: The reason given for the U.K.'s decision to float sterling was the weight of international short-term capital movements which, despite concerted intervention from the Bank of England and European central banks, had necessitated massive sup­ port operations. The U.K. is anxious that the rate should quickly o.s move to a "realistic" level, at or around the old parity of %2. 40 - r,/, .• representing an effective 8% devaluation against the dollar. A w formal devaluation coupled with a wage freeze was urged by the :,I' Bank of England, but this would be politically embarrassing in the }t!IJ light of the U.K. Chancellor's repeated statements that the pound was "not at an unrealistic rate." The decision to float has been taken in spite of a danger that this may provoke an international or European monetary crisis. European markets tend to consider sterling as the dollar's first line of defense and, although the U.S. Treasury reaffirmed the Smithsonian Agreement, there are fears throughout Europe that pressure on the U.S. currency could disrupt the exchange rate re­ lationship established last December. On the Continent, the Dutch and Belgians have put forward a scheme for a joint float of Common Market currencies against the dollar. It will not easily be implemented, since speculation in the ex­ change markets has pushed the various EEC countries in different directions. The Germans have been under pressure to revalue, the Italians to devalue. Total opposition to a Community float is ex­ pected from France (this would sever the ties between the franc and gold), and the French also are adamant that Britain should re­ affirm its allegiance to the European monetary agreement and return to a fixed parity.
    [Show full text]
  • A Crude Awakening
    Dedicated to the inspiration of Jeffrey Reynolds ISBN 0 9527593 9 X Published by Global Witness Ltd P O Box 6042, London N19 5WP,UK Telephone:+ 44 (0)20 7272 6731 Fax: + 44 (0)20 7272 9425 e-mail: [email protected] a crude awakening The Role of the Oil and Banking Industries in Angola’s Civil War and the Plunder of State Assets http://www.oneworld.org/globalwitness/ 1 a crude awakening The Role of the Oil and Banking Industries in Angola’s Civil War and the Plunder of State Assets “Most observers, in and out of Angola, would agree that “There should be full transparency.The oil companies who corruption, and the perception of corruption, has been a work in Angola, like BP—Amoco, Elf,Total and Exxon and the critical impediment to economic development in Angola.The diamond traders like de Beers, should be open with the full extent of corruption is unknown, but the combination of international community and the international financial high military expenditures, economic mismanagement, and institutions so that it is clear these revenues are not syphoned corruption have ensured that spending on social services and A CRUDE AWAKENING A CRUDE development is far less than is required to pull the people of off but are invested in the country. I want the oil companies Angola out of widespread poverty... and the governments of Britain, the USA and France to co- operate together, not seek a competitive advantage: full Our best hope to ensure the efficient and transparent use of oil revenues is for the government to embrace a comprehensive transparency is in our joint interests because it will help to program of economic reform.We have and will continue to create a more peaceful, stable Angola and a more peaceful, encourage the Angolan Government to move in this stable Africa too.” direction....” SPEECH BY FCO MINISTER OF STATE, PETER HAIN,TO THE ACTION FOR SECRETARY OF STATE, MADELEINE ALBRIGHT, SUBCOMMITTEE ON FOREIGN SOUTHERN AFRICA (ACTSA) ANNUAL CONFERENCE, SCHOOL OF ORIENTAL OPERATIONS, SENATE COMMITTEE ON APPROPRIATIONS, JUNE 16 1998.
    [Show full text]
  • UNIFIED LIST of UNITED STATES COMPANIES with Investments Or Loans in SOUTH AFRICA and NAMIBIA
    UNIFIED LIST of UNITED STATES COMPANIES with Investments or Loans in SOUTH AFRICA and NAMIBIA Compiled from Existing Source Lists by PACIFIC NORTHWEST RESEARCH CENTER June 1985 Project Managers: ROGER WALKE Pacific Northwest Research Center RICHARD KNIGHT The Africa Fund (associated with the American Committee on Africa) 198 Broadway e New York, NY 10038 Published in cooperation with the United Nations Centre Against Apartheid UNIFIED LIST TABLE OF CONTENTS INTRODUCTION .................................................... 1 RANKING OF U.S. COMPANIES IN SOUTH AFRICA AND NAMIBIA .......... 3 Ranked by Number of Employees Ranked by Direct Investment (Assets) Ranked by Outstanding Loans/Underwritings Participated In Ranked by Total of Loans/Underwritings Participated In KEY TO THE UNIFIED LIST ........................................ 8 NOTES AND ABBREVIATIONS ....................................... 10 UNIFIED LIST ................................................... 11 APPENDIX ....................................................... 93 Parent Companies No Longer in South Africa or Namibia Parent Companies that MAY No Longer Be in South Africa or Namibia Accounting Firms Claiming No Ownership in South African Firm NUMBERED SOURCES ............................................... 94 GENERAL SOURCES ................................................ 95 Please read the sections KEY TO THE UNIFIED LIST and NOTES AND ABBREVIATIONS before using the Unified List. Special thanks for assistance on this project to Katherine Black, James Campbell, Mark Cheatham, Christina Cowger, Debra George(PNWRC), Steve Johnson (PNWRC), Maureen King, Carol Pritchett, and Stephanie Weber (PNWRC). o 1985 The Africa Fund and Pacific Northwest Research Center, Inc. INTRODUCTION This unified list on U.S. corporate involvement in South Africa and Namibia has been compiled to meet the needs of the divestment movement. Accurate information about U.S. corporate economic involvement is essential to divestment action. Over the past few years, a number of lists of U.S.
    [Show full text]
  • The Causes of the Austrian Crisis of 1931
    THE CAUSES OF THE AUSTRIAN CRISIS OF 1931 Flora Macher London School of Economics and Political Science [email protected] Abstract The existing literature holds that the 1931 crisis in Austria can be traced back to banks’ foreign currency exposure and their expensive mission to sustain their domestic and regional industrial connections after WWI. The former created exchange rate risks, the latter liquidity and maturity risks for Austrian banks. Relying on a rich macroeconomic dataset and a large bank-by-bank database for the whole Austrian financial system – both manually built from contemporary statistical sources – I propose that financial institutions’ foreign currency mismatch was not severe and was hence not a cause to or a trigger of the 1931 crisis, and, at least before 1929, industrial networks were liquidity-suppliers to Austrian banks, rather than liquidity absorbers. The Austrian financial system collapsed in 1931 because this source of liquidity gradually dried up from 1929 as the economic downturn undermined the country’s industrial base. The fact that banks were not forced to write off non-performing assets points to collusion between authorities and financial institutions. 1 INTRODUCTION The debacle of Austria’s largest bank, the Credit-Anstalt was a global turning point in the Great Depression. In the months following the announcement of the bank’s losses in May 1931, besides Austria, several other countries in Central Europe and beyond experienced financial distress. These events, in turn, proved to be a watershed in terms of exchange rate policy: a series of devaluations followed in some countries, while others introduced capital controls (Obstfeld 1997).
    [Show full text]
  • Review of the Year April 2005 to March 2006 March 2005 to Year April of the Review He T
    The Rothschild Archive review of the year april 2005 to march 2006 THE ARCHIVE ROTHSCHILD • REVIEW OF THE YEAR 2005 – 2006 The Rothschild Archive review of the year april 2005 to march 2006 The Rothschild Archive Trust Trustees Baron Eric de Rothschild (Chair) Emma Rothschild Lionel de Rothschild Julien Sereys de Rothschild Anthony Chapman Victor Gray Professor David Cannadine Staff Melanie Aspey (Director) Caroline Shaw (Archivist) Elaine Penn (Assistant Archivist, to June 2005) Barbra Ruperto (Assistant Archivist, from January 2006) Annette Shepherd (Secretary) The Rothschild Archive, New Court, St Swithin’s Lane, London ec4p 4du Tel: +44 (0)20 7280 5874 Fax: +44 (0)20 7280 5657 E-mail: [email protected] Website: www.rothschildarchive.org Company No. 3702208 Registered Charity No. 1075340 Front cover The Temple of Rameses II at Abu Simbel, from the autochrome collection of Lionel de Rothschild (1882‒1942). 2007 marks the centenary of the public availability of the autochrome, which was the first commercially viable and successful colour process. Lionel was a keen and talented photographer whose collection of plates, a gift to The Rothschild Archive from his family, is one of the most extensive to survive in the UK. On his return from an Italian honeymoon, Lionel made a speech of thanks for their wedding gift to his parliamentary constituents of Mid Bucks revealing his dedication to his hobby and his eagerness to share its results with others: I must thank you for a very pleasant four weeks’ holiday which I have had in Italy, but I want to tell you that during those four weeks I was not idle, for I managed to take a camera with me, and I took a great many coloured photographs.
    [Show full text]
  • Made in Germany : the German Currency Crisis of July 1931
    Digitized by the Internet Archive in 2011 with funding from Boston Library Consortium Member Libraries http://www.archive.org/details/madeingermanygerOOferg 31 DEWEY 415 01- 1 Massachusetts Institute of Technology Department of Economics Working Paper Series MADE IN GERMANY: THE GERMAN CURRENCY CRISIS OF JULY 1931 Thomas Ferguson Peter Temin Working Paper 01 -07 February 2001 Room E52-251 50 Memorial Drive Cambridge, MA 02142 This paper can be downloaded without charge from the Social Science Research Network Paper Collection at http://papers.ssrn.com/paper.taf7abstract id=260993 Massachusetts Institute of Technology Department of Economics Working Paper Series MADE IN GERMANY: THE GERMAN CURRENCY CRISIS OF JULY 1931 Thomas Ferguson Peter Temin Working Paper 01 -07 February 2001 Room E52-251 50 Memorial Drive Cambridge, MA 02142 This paper can be downloaded without charge from the Social Science Research Network Paper Collection at http://papers.ssrn.com/paper.taf7abstract id=260993 MASSACHUSEnslNSTiTUTT _OFTECHWL0GY AUG 2 2 2001 LIBRARIES Made in Germany: The German Currency Crisis of July, 1931 Thomas Ferguson and Peter Temin* February, 2001 Abstract The Great Depression reached a turning point in the currency crises of 1931, and the German banking and currency crisis was a critical event whose causes are still debated. We demonstrate in this paper that the crisis was primarily domestic in origin; that it was a currency crisis rather than a banking crisis; and that the failure was more political than economic. We clarify the arguments involved as we present this view. German banks failed in 1931, but the problem was not primarily with them.
    [Show full text]
  • Table of Contents
    Table of contents I. ARE THEY STILL THERE? 1. A Procession at Pauillac 3 2. Chutzpah and Orchids 8 3. A Golden Silence 10 II. JEW STREET 1. Little Orphan Mayer 15 2. A Dreamer in the Ghetto 17 3. Mayer's Serenity 21 4. A Dynasty Aborning 24 III. FIVE FLYING CARPETS 1. The Boys Erupt 28 2. Something Rotten in Denmark 33 IV. ROTHSCHILD VERSUS NAPOLEON 1. Round One: Contraband 37 2. Round Two: A Million-Pound Idea 42 3. Round Three: The Giant Gold Smuggle 45 4. Round Four: The Scoop of Scoops 48 http://www.light1998.com/Rothschilds-Book/Table_of_contents.htm (1 of 3) [11/8/2000 2:11:08 PM] Table of contents 5. Round Five: Conquering the Victors 50 V. THE MISHPOCHE MAGNIFICENT 1. By No Other Name as Great 56 2. The Escutcheon 59 3. The Five Demon Brothers 63 (a) MR. NATHAN 63 (b) BEAU JAMES 70 (c) KING SALOMON 78 (d) CARL, THE MEZZUZAH BARON 89 (e) AMSCHEL OF THE FLOWERS 93 VI. RUNNING EUROPE 1. The Peacemongers 101 2. Short-Term and Long 107 3. The Railway Madness 109 (a) AUSTRIA 109 (b) FRANCE 116 4. Il Est Mort 118 5. The Grandest Larceny Ever 123 6. Monsters' Duel 126 VII. THE MlSHPOCHE JUNIOR 1. lnside Society 142 (a) ANSELM 142 (b) LIONEL AND BROTHERS 144 (c) COUNTRY SQUIRES 152 2. Kings of the Jews 157 3. Storming Parliament 163 4. Three Suns at Noon 170 (a) NATTY 172 (b) SWEET LEO 177 http://www.light1998.com/Rothschilds-Book/Table_of_contents.htm (2 of 3) [11/8/2000 2:11:08 PM] Table of contents (c) THE INCOMPARABLE ALFRED 179 5.
    [Show full text]
  • Wall Street Funding of the Rise of Hitler
    WALL STREET FUNDING OF THE RISE OF HITLER Antony Suttons’ Investigation Of Wall Street Funding Of World War II FOR RESEARCH PURPOSES ONLY FROM THE LIBRARY OF DR. MICHAEL SUNSTAR 2007 SUNSTAR COMMENTARY ON THE WALL STREET FUNDING OF HITLER BY ANTONY SUTTON: A question that has been on the minds of lots of researchers on the rise of Hitler is: 1. How did Hitler obtain such advanced technology? 2. Although Hitler seized the German military system, who funded him and how did he come up with so many different types of armor, equipment and machinery? 3. Were there any American corporations involved with Nazi manufacturing and corporate financing and if so, which ones? 4. Was the devil truly in the details, and if so, which of his companies assisted Hitler? 5. From fighter planes in the air, to submarines under the ocean, to tanks, armory, weaponry, and sophisticated chemical warfare, just how did Hitler obtain so much access to so much technology in such a short period of time? 6. Why did the U.S. Government take so much time in responding to Hitler’s takeover of European nations? 7. Was there a Project Paperclip already in effect in Nazi Germany, before PROJECT PAPERCLIP was reported to be recruited in the United States after World War II? 8. Why was Hitler so angry against the Jewish people? Was it because of his discovery of the Protocols of the Learned Elders of Zion and was it because he found out about a plot among Masonic Jews to take over the world? Could he have been angry as he looked around Germany and saw the Jewish people prosperous & successful, while the German workers were suffering poverty? Was Hitler truly the bastard son of a Rothschild, as his mother worked for a Rothschild who fancied young women? 9.
    [Show full text]
  • July, 1973 the FRANKFURT DOCUMENTS Secret Bank Loans
    CIC Brief — July, 1973 THE FRANKFURT DOCUMENTS Secret Bank Loans to the South African Government The Corporate Information Center tions of secret loans suggest the opposite. By selling participation in the vari- recently obtained confidential internal ous credit arrangements to American and documents known as the "Frankfurt Doc- With the documents' revelations, multinational banks, EABC tapped the uments " originating from sources within church agencies and other organizations U .S. money market, largely through the a U.S.-based multinational banking firm, concerned about South African issues offshore subsidiaries of these banks . It the European American Banking Corpora- have begun organizing protest of the then re-lent the money to the South Afri- tion. These materials reveal that a group loans. The following discussion provides can government . Three of the six credit of forty banks from the United States, an initial basis for action (see Item II) on transactions, each $50 million and made Europe, and Canada have been jointly in- the developing new bank campaign. from the bank's Nassau branch, were ar- volved in direct loans totaling over $210 ranged with the Ministry of Finance in million to The South African government Pretoria . The three other loans were made and its agencies since late 1970. with METKOR, ISCOR, and ESCOM, all EABC 's Role South African government agencies. Participants for two of the six Sources within EABC have indicated that loans, representing $70 million of the to- a further credit of approximately $50 tal, include 11 American banks. It is like- According to the secret documents, million has been negotiated with the Fi- ly that other American banks are involved the European-American Banking Corpora- nance Ministry within the last few in the additional loans.
    [Show full text]
  • Rothschild Family Archives
    The Rothschild Archive :: Exhibitions ‹ Rothschild Timeline Search the site: Welcome to The Rothschild Archive's website Sources for business history: detail of bond for the Chilean loan: 1896 Rothschild Timeline Chronology c.1450 to the present day Rothschild Timeline Selected milestones in the history of the family and key dates in the history of the development of the Faith & Charity Rothschild businesses are detailed here. Click on a year date for images. Scroll over the text to reveal further information about the events that shaped history. Rothschild Gardens Rothschilds and the First World War 1450s From Bank to Westminster 1450s The first identified Rothschild ancestor in Frankfurt Motoring Rothschilds Horse Racing Rothschilds Rothschilds and Brazil The Art of Natural History The Rothschilds in Caricature The primary sources for the first ten generations of the 1973 family tree were 'Die Inschriften des alten Friedhofs der israelitischen Gemeinde zu Frankfurt A.M.' by M. Horovuitz (J .Kauffmann, Frankurt a.M.); the Memorbuch of the Frankfurt Jewish Community (National Library, Jerusalem); the Burial Society Record of the Frankfurt Jewish Community (sefer ha-Kabranim) and the Parish Registers in the State Archives of Wiesbaden. 1530s 1530 House of the 'Red Shield' built in Frankfurt https://www.rothschildarchive.org/exhibitions/timeline The Rothschild Archive :: Exhibitions ‹ Rothschild Timeline The Frankfurter Judengasse (from German: “Jews' Alley”) was the Jewish ghetto of Frankfurt and one of the earliest ghettos in Germany. It existed from 1462 until 1796 and was home to Germany's largest Jewish community in early modern times. At the end of the 19th century, most of the buildings in the Judengasse were demolished.
    [Show full text]