By 1929, Swedish industrialist Ivar Kreuger controlled approximately two-thirds of the world's match production through his company Swedish Match, which had factories on every continent; he then used this monopoly to lend $387 million to 15 sovereign governments, creating a cycle where matches secured loans, loans bought monopolies, and monopolies produced matches.
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Two-Thirds of Every Match on Earth Came From One ManAdded:
Every time anyone, anywhere in the world, struck a match in 1929, there was a two in three chance it came from one Swedish industrialist.
He owned Swedish Match.
He owned factories on every continent.
And he used those matches to lend $387 million to 15 sovereign governments.
Matches for loans.
Loans for monopolies.
Monopolies for matches.
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