REPEAT FOR INTERNATIONAL WOMAN'S DAY The reason we all believe Emmeline and Christabel Pankhurst achieved women’s votes in Britain is because that’s the narrative created in the 20s and 30s by former suffragettes. The reality of what Emmeline and Christabel got up to post 1918 is shocking. Suffice it to say it involves racial purity and telling working women they can buy silk underwear, shapely shoes and fur hats, not by improving their working conditions but by giving into the feminine desire for shopping. What?

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During the war US and British bankers continued to send cash to Germany, while American companies in Germany were drawn down a slippery slope of collaboration. American bosses may have kept in touch with German subsidiaries via neutral hang-outs (like the fictional Rick’s Bar in the 1942 film Casablanca). Some made use of prisoners of war for slave labour. The five-figure tattoo on every death camp inmate began as an IBM-Dehomag punch card number. Nobody was going to be called to account for trading with the Nazis.

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In 1937, the new British Prime Minister, Neville Chamberlain, believed he single-handedly could ensure world peace. He told the King, George VI, that he would do this by pursuing his objective of Germany and England being ‘the two pillars of European peace and buttresses against Communism.’

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In 1935 the Etonians in the British Cabinet and Foreign Office rejected all calls from the USSR to unite with France and Eastern Europe against the rise of the Third Reich. They were far too terrified of Communism. Instead, Britain agreed a treaty allowing the Germans to expand their navy. When supporters of the elected left-wing government in Spain faced annihilation by Franco’s fascists in 1936-7 the Tory Foreign Secretary, Lord Halifax, openly welcomed the carnage in Spain. It would, he declared, make the British public understand that Nazi Germany would be ‘an ally of ours and of all order-loving folk.’

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Horrified by the implications of aiding German rearmament, a few British and American companies made serious attempts to get out of Germany in the 1930s. Particularly after Kristallnacht, 10 November 1938, when Nazi thugs attacked Jewish businesses. But the British Establishment saw Hitler as ‘a man who could be relied upon’. The Bank of England argued as late as March 1939, four days after Hitler had marched into Prague, that the British couldn’t just pull out of Germany, without bringing down the whole London banking sector.

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A perfect storm created the conditions for the Nazi’s march to war. The naïve belief that you could kill Nazism with kindness (aka trade agreements from which bankers and businessmen personally hoped to profit) was held simultaneously by the US Secretary of State, Cordell Hull, the Governor of the Bank of England, Montagu Norman, and the second in command at the British Foreign Office, Orme Sargent. Their opponents in government argued that tough action was necessary to contain Germany ‘even at a cost’ to those who had invested. They were consistently undermined.

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In 1936 the US Ambassador in Berlin, William Dodd, wrote to President Roosevelt warning of a pro-Nazi clique of US industrialists ‘hell-bent to bring a fascist state to supplant our democratic government.’ We look at the notorious Liberty League and the dinner in New York’s Astoria to celebrate the fall of Paris to the Nazis. We showcase the businessmen who believed they were above democracy and could achieve world peace (under fascism) through world trade.

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For all the complaints about the difficulties of doing business in Hitler’s Germany, the Americans seemed strikingly settled there. Now we get to the nub of why, when Germany occupied Austria, Czechoslovakia and then part of Poland in 1938-39, its military rolled out in General Motors and Ford cars and trucks, and its planes were using General Motors and Ford parts. They were also burning American fuel. And using American research to justify forcibly sterilising those they considered mentally unfit.

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STAND-ALONE. The Americans insisted on extracting every cent from war-torn Britain and France in the aftermath of World War I. They made them repay the money they had borrowed, at increasingly high interest rates, to buy American weapons to fight Germany. It led to economic depression. The 1929 Wall Street Crash was part of a global financial meltdown which led to economic nationalism – survival of the fittest, everyone for himself. And that was before Hjalmar Schacht Reichsminister for Economics in Germany, trapped American companies in a series of clever regulations. It enabled Hitler to rearm. [We'll soon get to how the British also enabled Hitler!]

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The US had a paradoxical strategy to ensure repayment of its WW1 loans. It would make Germany economically prosperous to ensure Germany was in a position to pay reparations to France and Britain (as per the Treaty of Versailles). This would mean that impoverished Britain and France could keep repaying the interest on their wartime loans to the Americans.Economist Maynard Keynes, aware that Britain and France would never recover from endless interest repayments, proposed cancelling all war debts. Everyone would end up better off in the long run, as was later proved. But the US government refused and American companies, including Ford, General Motors, and Standard Oil, began to invest in Germany, exploiting its economic collapse and setting the stage for the rise of the Nazis.

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