Reichswerke Hermann Göring

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Reichswerke Hermann Göring ("Hermann Göring Reich Works") was an industrial conglomerate in Nazi Germany from 1937 until 1945. It was established to extract and process domestic iron ores from Salzgitter that were deemed uneconomical by the privately held steel mills. The state-owned Reichswerke was seen as a vehicle for hastening growth in ore mining and steel output regardless of private capitalists' plans and opinions, which ran in alignment to Adolf Hitler's strategic and economic vision. In November 1937, Reichsminister of Aviation Hermann Göring obtained unchecked access to state financing and launched a chain of mergers, diversifying into military industries with the absorption of Rheinmetall. Göring himself supervised the Reichswerke but did not own it in any sense and did not make personal profit from it directly, although at times he withdrew cash for personal expenses. After the Anschluss, the Reichswerke absorbed Austrian heavy industries, including those owned by private German...

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