Word: german
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Dates: during 1960-1969
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...Thyssen's present capacity of 8,500,000 tons of steel HOAG will add another 2,500,000 tons; combined annual sales may amount to $2 billion, moving the new enterprise up to third place among West German corporations, with only Volkswagen and Siemens ahead in sales. The deal, still to be approved by the Commission of the European Communities in Brussels, is to be effected by offering HOAG stockholders a total of $150 million in Thyssen shares and $25 million in cash...
Other mergers are in the air. Hoesch, the eighth largest German steelmaker, took the plunge last year when it absorbed Dortmund-Hörder Hüttenunion. Until recently, Krupp was believed to be considering merging with Thyssen; now Klöckner is said to be a potential Krupp partner. And two more companies, Salzgitter and Ilseder Hütte, are eyeing each other as possible mates...
...Treasury Secretary Henry Morgenthau was more or less on Hemingway's side. He proposed that Germany be broken up into autonomous agrarian states, that the Ruhr and Saar industrial complex be dismantled and carted away to Allied countries after its mines were flooded and dynamited, and that all German men between the ages of 20 and 40 be transported to Central Africa to work as slave laborers on a mammoth "international...
...Real Rot. Though the "Morgenthau Plan" brought him his greatest notoriety, Henry Morgenthau Jr. was an epicenter of argument long before the German controversy arose. A wealthy Jewish apple farmer from New York's sylvan Dutchess County, he was among the first of Franklin Roosevelt's braintrusters, having gone to Washington in 1933 to administer the wrenching fiscal reforms of the New Deal. Those beginnings and the battles during which Morgenthau frequently and deliberately drew the fire of outraged bankers and businessmen to save...
...conquered Germany not as a madhouse full of psychopathic killers but as a defeated nation in need of rebuilding. Like many other Americans, Morgenthau believed that only by destroying Germany's ability to wage war, through elimination of its industry, could the first steps toward "re-educating" the German people begin. The Nazis, he believed, were only surface villains (for them, Morgenthau preferred firing squads to war-crimes trials); the real rot was in the German soul. "Somebody's got to take the lead about let's be tough to the Germans," he told Assistant Secretary...