Anonymous Quotes

In France, This General Climate Of Distrust Toward Private Capitalism Was Deepened After 1945 By The Fact That Many Members Of The Economic Elite Were Suspected Of Having Collaborated With The German Occupiers And Indecently Enriched Themselves During The War. It Was In This Highly Charged Post-Liberation Climate That Major Sectors Of The Economy Were Nationalized, Including In Particular The Banking Sector, The Coal Mines, And The Automobile Industry. The Renault Factories Were Punitively Seized After Their Owner, Louis Renault, Was Arrested As A Collaborator In September 1944.

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