1929 Anglo American Extorts Control of DeBeers Consolidated Mines
Who: Ernest Oppenheimer
What: Ernest Oppenheimer is named CEO of De Beers Consolidated Mines.
Where: South Africa
How: Using a stockpile of diamonds collected with Anglo-American, Ernest Oppenheimer threatens to flood the market with Anglo-American diamonds if De Beers doesn’t name him CEO.
Why: So that Ernest Oppenheimer could take control of the diamond industry and ultimately South Africa’s resources.
Player: Ernest Oppenheimer
Player: JP Morgan, co-founder of the Federal Reserve
