German Steel Trust

The goal was to move beyond the limitations of the old cartel system by incorporating advances simultaneously inside a single corporation.

[1] it represented the "Americanization" of the German steel industry because of 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.

[2] Fritz Thyssen and Friedrich Flick are co-owners in GST (German Steel Trust or Vereinigte Stahlwerke AG), 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.

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