The Oligarchs Who Came to Regret Supporting Hitler

By then Hitler no longer needed either Hugenberg’s corporate contacts or his Reichstag delegates. The bankers and industrialists who had once shunned the crass, divisive, right-wing extremist had gradually come to embrace him as a bulwark against the pro-union Social Democrats and the virulently anti-capitalist Communists.

Six months earlier, three weeks before Hitler’s appointment as chancellor, the banker Kurt Baron von Schröder had met with Hitler at Schröder’s villa in a fashionable quarter of Cologne. 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.

Hitler walked out of the meeting with a 30 million reichsmark credit line that saved his political movement from bankruptcy. Once Hitler was in power, there was no longer need for secrecy or subterfuge.