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The syndicated structure of the German coal industry has not yet been reflected on in detail in business history. Generally the picture is dominated by the idea of a powerful controlling German Coal Syndicate (RWKS). In fact, the relationship between the Coal Syndicate and its formerly dependent trading organizations, such as the Coal Trading Association (SHV), changed rapidly as a result of World War One. One outcome of this change was the attempt of the Coal Trading Association – the exclusive coal trader of Ruhrcoal on the Dutch market – to diversify into a producer itself. This diversification and investment into the Sophia-Jacoba colliery became a risk investment because of the marketing rules the Syndicate imposed upon its trader. Even though the colliery’s integration of special rights into the Dutch-German Treaty of 1920 had been reflected in political historical science, it is suggested here to focus that case in the context of the syndicated market structure, to get an understanding of this explosive issue for the SHV.

Investitionssicherung eines Syndikatshändlers: Die Steenkolen-Handelsvereeniging und die Gründung der Gewerkschaft Sophia-Jacoba