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Reichswerke Hermann Göring

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POI
Location type: POI
Location address: Deutschland, Salzgitter
Number of texts: 1
3 stars
Made by wikipedia.org | Reference BArchBot | © CC 3.0
Made by wikipedia.org | Reference Wikipedia.org | © CC 3.0

Reichswerke Hermann Göring was an industrial conglomerate of Nazi Germany. It was established in July 1937 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 of hastening growth in ore mining and steel output regardless of private capitalists’ plans and opinions, which ran contrary to Adolf Hitler’s strategic vision. In November 1937 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.

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