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Freundeskreis der Wirtschaft

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The Freundeskreis der Wirtschaft, or Circle of Friends of the Economy (which became known as "Freundeskreis Reichführer SS" or "Freundeskreis Himmler") was a group of German industrialists whose aim was to strengthen the ties between the Nazi Party and business and industry. The group was formed and co-ordinated by Wilhelm Keppler, one of Adolf Hitler's close economic advisors.

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Role and Development

Keppler, who had been a member of the NSDAP since 1927, formed the Circle after Hitler's request in 1932 for the formation of a "study group on economic questions". Members were not initially expected to be party members (though many later joined the party), and portrayed the group as "palaver" and "an "innocuous gentleman's club". The size of the group never exceeded 40 members.

The group became associated with Heinrich Himmler, a friend of Keppler, beginning in 1935. From 1936 to 1944, the members of the circle donated approximately 1 million Marks a year to Himmler for uses "outside the budget". One use of the money was to fund the Ahnenerbe, which conducted Aryan historical and eugenicist research.

At least some members of the group, such as Flick, later benefited from the NSDAP's policy of aryanization of Jewish-owned competitors.

Post-War

After the war, William Keppler was sentenced to ten years in prison following the Ministries Trial at Nuremberg in 1949. He was released in February 1951.

Friederich Flick was also sentenced to seven years after the Flick trial, and released early in 1950.

Members

Members of the group included:

  • Fritz Kranefuss, Keppler's nephew and member of the board at Brabag;
  • ITT Corporation executives Kurt Baron von Schröder and Emil Heinrich Meyer;
  • August Rosterg, the General Director of Wintershall;
  • Otto Steinbrinck, the vice-president of Vereinigte Stahlwerke AG;
  • Reichsbank President Hjalmar Schacht;
  • Emil Helffrich of the German-American Petroleum Company;
  • Friedrich Reinhardt, chairman of the board at Commerzbank;
  • Friederich Flick, chair of Flick KG;
  • Ilseder Hütte chairman Ewald Hecker;
  • political figures Carl Vincent Krogmann and Gottfried Graf von Bismarck-Schönhausen;
  • Fritz Kranefuß, a former employee of Keppler's, was secretary;
  • Kurt Baron von Schröder was manager of the financial accounts.
  • References

    Freundeskreis der Wirtschaft Wikipedia