This was a cartel formed by the leading chemical companies in Germany after the First World War. ‘IG Farben’ is the diminutive of the rather more tongue-stretching Interessen Gemeinschaft Farbenindustrie which has been translated as ‘Community of Interests of Dye Industries’. Three of the many companies which joined were BASF, Bayer and Hoechst.
It was by far the largest corporation or cartel in Germany between the two world wars, controlling five hundred companies (in ninety-two countries). Corporative arrangements were made between Farben and Standard Oil (USA), Imperial Chemical Industries (Gt. Britain), and Mitsui (Japan), which makes the period 1929 – 39 so interesting. You may have noticed that the nationality of the first two of these commercial giants formed the major part of the Allies in World War II, while the third joined Hitler’s Axis. (more…)