United Steelworks Co.

…holdings into a trust (Vereinigte Stahlwerke AG [United Steelworks Co.]) that controlled more than 75 percent of Germany’s ore reserve and employed 200,000 workers.

…were merged into the giant Vereinigte Stahlwerke AG (United Steelworks Co.), which became the world’s largest mining and steel cartel. August’s son, Fritz Thyssen (1873–1951), became chairman of the cartel’s board of directors. In the decartelization of German heavy industry imposed by the Allies following World War II, the Vereinigte…