Fritz Thyseen

In 1923, Thyssen met former General Erich Ludendorff, who advised him to attend a speech given by Adolf Hitler, leader of the Nazi Party. Thyssen was impressed by Hitler and his bitter opposition to the Treaty of Versailles, and began to make large donations to the party, including 100,000 gold marks ($25,000) in 1923 to Ludendorff.[1] In this he was unusual among German business leaders, as most were traditional conservatives who regarded the Nazis with suspicion. Thyssen’s principal motive in supporting the National Socialists was his great fear of communism; he had little confidence that the various German anticommunist factions would prevent a Soviet-style revolution in Germany unless the popular appeal of communism among the lower classes was co-opted by an anticommunist alternative.[2] Postwar investigators found that he had donated 650,000 Reichsmarks to right-wing parties, mostly to the Nazis, although Thyssen himself claimed to have donated 1 million marks to the Nazi Party.[3] Thyssen remained a member of the German National People’s Party until 1932, and did not join the Nazi Party until 1933.

In November, 1932, Thyssen and Hjalmar Schacht were the main organisers of a letter to President Paul von Hindenburg urging him to appoint Hitler as Chancellor. Thyssen also persuaded the Association of German Industrialists to donate 3 million Reichsmarks to the Nazi Party for the March, 1933 Reichstag election. As a reward, he was elected a Nazi member of the Reichstag and appointed to the Council of State of Prussia, the largest German state (both purely honorary positions).