Recent from talks
Krupp
Knowledge base stats:
Talk channels stats:
Members stats:
Krupp
Friedrich Krupp AG Hoesch-Krupp (formerly Fried. Krupp AG and Friedrich Krupp GmbH), trading as Krupp, was the largest company in Europe at the beginning of the 20th century as well as Germany's premier weapons manufacturer during both world wars. It produced battleships, U-boats, tanks, howitzers, guns, utilities, and hundreds of other commodities. The company also produced steel used to build railroads in the United States and to cap the Chrysler Building.
After the Nazis seized power in Germany, Krupp supported the regime and was one of many German businesses that profited from slave labor during World War II. Upon the war's end, the head of the company, Alfried Krupp, was tried and convicted as a war criminal for employing prisoners of war, foreign civilians and concentration camp inmates under inhumane conditions in support of the Nazi war effort. Despite being sentenced to imprisonment for twelve years, he served just three and was pardoned (but not acquitted) by John J. McCloy. As a result of this pardon, all of Krupp's holdings were restored.
In the years following the Third Reich's collapse, Krupp rose once again to become one of the wealthiest companies in Europe. However, this growth did not last indefinitely. In 1967, an economic recession resulted in significant financial losses for the business. In 1992, the company went public for the first time upon merging with Hoesch AG. In 1999, it merged with Thyssen AG to form the industrial conglomerate ThyssenKrupp AG.
Controversy has not eluded the Krupp company. Being a major weapons supplier to multiple sides throughout various conflicts, it was sometimes blamed for the wars themselves or the degree of carnage that ensued.
Friedrich Krupp (1787–1826) launched the family's metal-based activities, building a pioneering steel foundry in Essen in 1811. After his death, his sons Alfred and an unidentified brother operated the business in partnership with their mother. An account cited that, on his deathbed, the elder Krupp confided to Alfred, who was then 14 years old, the secret of steel casting. In 1848, Alfred became the sole owner of the foundry. This next generation Krupp (1812–87), known as "the Cannon King" or as "Alfred the Great", invested heavily in new technology to become a significant manufacturer of steel rollers (used to make eating utensils) and railway tyres. He also invested in fluidized hotbed technologies (notably the Bessemer process) and acquired many mines in Germany and France. Initially, Krupp failed to gain profit from the Bessemer process due to the high phosphorus content of German iron ores. His chemists, however, later learned of the problem and constructed a Bessemer plant called C&T Steel. Unusual for the era, he provided social services for his workers, including subsidized housing and health and retirement benefits.
The company began to make steel cannons in the 1840s—especially for the Russian, Turkish, and Prussian armies. Low non-military demand and government subsidies meant that the company specialized more and more in weapons: by the late 1880s the manufacture of armaments represented around 50% of Krupp's total output. When Alfred Krupp started with the firm, it had five employees. At his death twenty thousand people worked for Krupp—making it the world's largest industrial company and the largest private company in the German empire.
Krupp's had a Great Krupp Building with an exhibition of guns at the Columbian Exposition in 1893.
In the 20th century the company was headed by Gustav Krupp von Bohlen und Halbach (1870–1950), who assumed the surname of Krupp when he married the Krupp heiress, Bertha Krupp. After Adolf Hitler came to power in Germany in 1933, the Krupp works became the center for German rearmament. In 1943, by a special order from Hitler, the company reverted to a sole-proprietorship, with Gustav and Bertha's eldest son Alfried Krupp von Bohlen und Halbach (1907–67) as proprietor.
Hub AI
Krupp AI simulator
(@Krupp_simulator)
Krupp
Friedrich Krupp AG Hoesch-Krupp (formerly Fried. Krupp AG and Friedrich Krupp GmbH), trading as Krupp, was the largest company in Europe at the beginning of the 20th century as well as Germany's premier weapons manufacturer during both world wars. It produced battleships, U-boats, tanks, howitzers, guns, utilities, and hundreds of other commodities. The company also produced steel used to build railroads in the United States and to cap the Chrysler Building.
After the Nazis seized power in Germany, Krupp supported the regime and was one of many German businesses that profited from slave labor during World War II. Upon the war's end, the head of the company, Alfried Krupp, was tried and convicted as a war criminal for employing prisoners of war, foreign civilians and concentration camp inmates under inhumane conditions in support of the Nazi war effort. Despite being sentenced to imprisonment for twelve years, he served just three and was pardoned (but not acquitted) by John J. McCloy. As a result of this pardon, all of Krupp's holdings were restored.
In the years following the Third Reich's collapse, Krupp rose once again to become one of the wealthiest companies in Europe. However, this growth did not last indefinitely. In 1967, an economic recession resulted in significant financial losses for the business. In 1992, the company went public for the first time upon merging with Hoesch AG. In 1999, it merged with Thyssen AG to form the industrial conglomerate ThyssenKrupp AG.
Controversy has not eluded the Krupp company. Being a major weapons supplier to multiple sides throughout various conflicts, it was sometimes blamed for the wars themselves or the degree of carnage that ensued.
Friedrich Krupp (1787–1826) launched the family's metal-based activities, building a pioneering steel foundry in Essen in 1811. After his death, his sons Alfred and an unidentified brother operated the business in partnership with their mother. An account cited that, on his deathbed, the elder Krupp confided to Alfred, who was then 14 years old, the secret of steel casting. In 1848, Alfred became the sole owner of the foundry. This next generation Krupp (1812–87), known as "the Cannon King" or as "Alfred the Great", invested heavily in new technology to become a significant manufacturer of steel rollers (used to make eating utensils) and railway tyres. He also invested in fluidized hotbed technologies (notably the Bessemer process) and acquired many mines in Germany and France. Initially, Krupp failed to gain profit from the Bessemer process due to the high phosphorus content of German iron ores. His chemists, however, later learned of the problem and constructed a Bessemer plant called C&T Steel. Unusual for the era, he provided social services for his workers, including subsidized housing and health and retirement benefits.
The company began to make steel cannons in the 1840s—especially for the Russian, Turkish, and Prussian armies. Low non-military demand and government subsidies meant that the company specialized more and more in weapons: by the late 1880s the manufacture of armaments represented around 50% of Krupp's total output. When Alfred Krupp started with the firm, it had five employees. At his death twenty thousand people worked for Krupp—making it the world's largest industrial company and the largest private company in the German empire.
Krupp's had a Great Krupp Building with an exhibition of guns at the Columbian Exposition in 1893.
In the 20th century the company was headed by Gustav Krupp von Bohlen und Halbach (1870–1950), who assumed the surname of Krupp when he married the Krupp heiress, Bertha Krupp. After Adolf Hitler came to power in Germany in 1933, the Krupp works became the center for German rearmament. In 1943, by a special order from Hitler, the company reverted to a sole-proprietorship, with Gustav and Bertha's eldest son Alfried Krupp von Bohlen und Halbach (1907–67) as proprietor.
Recent media