German Steel Trust


The merger of four major firms into the German Steel Trust in 1926 was modeled on the U.S. Steel corporation in the U.S. The goal was to move beyond the limitations of the old cartel system by incorporating advances simultaneously inside a single corporation. The new company emphasized rationalization of management structures and modernization of the technology; it employed a multi-divisional structure and used return on investment as its measure of success. it represented the "Americanization" of the German steel industry because its internal structure, management methods, use of technology, and emphasis on mass production replicated the Steel Trust developed a multi-divisional structure and aimed at return on investment as a measure of success. The chief difference was that consumer capitalism as an industrial strategy did not seem plausible to German steel industrialists.

USA links

and Friedrich Flick are co-owners in GST, an arrangement made by Wall Street financier as Clarence Douglas Dillon through Dillon Read & Co. Thyssen and Flick both financed Hitler rise's in power. GST is connected to UBC through Harriman Fifteen Corporation holding one-third of Consolidated Silesian Steel Corporation while Flick got two-thirds.

WWII war machine

As IG Farben, GST was the heart of Nazi war machine, like Congress investigation showed.

Membership