 Many businessmen had friendly relations to the Nazis, most notably with Heinrich Himmler and his Freundeskreis der Wirtschaft Hitler’s administration decreed an October 1937 policy that “dissolved all corporations with a capital under $40,000 and forbade the establishment of new ones with a capital less than $200,000,” which swiftly effected the collapse of one fifth of all small corporations.On July 15, 1933 a law was enacted that imposed compulsory membership in cartels, while by 1934 the Third Reich had mandated a reorganization of all companies and trade associations and formed an alliance with the Nazi regime.Nonetheless, the Nazi regime was able to close most of Germany’s stock exchanges, reducing them “from twenty-one to nine in 1935,” and “limited the distribution of dividends to 6 percent.” By 1936 Germany decreed laws to completely block foreign stock trades by citizens.