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Word: krupp (lookup in dictionary) (lookup stats)
Dates: during 1950-1959
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...from Rubble. Hardly a decade ago, the scene would have been unthinkable. Krupp and his eleven directors were in prison, convicted of war crimes. In Essen, a bomb-strewn jungle of twisted steel and rubble covered the site of the mighty steel plant, bristling with naked chimneys, that had once been Krupp's throbbing heart and muscle. Across Germany, Krupp's vast holdings were rapidly being dismantled and shipped off by the Allies, determined to stamp out "the merchants of death" who in two world wars supplied the cannon used by the long German columns to blast their...

Author: /time Magazine | Title: BUSINESS ABROAD: The House That Krupp Rebuilt | 8/19/1957 | See Source »

Today the factories of Essen-and dozens of other Krupp plants throughout Germany-are glowing with activity. Amid the magnificent trappings of the Villa Hügel, his 200-room ancestral mansion above the valley of the Ruhr, Alfried Krupp regally receives visiting heads of state such as King Paul of Greece, Brazil's President Kubitschek, Cabinet ministers and businessmen, extends his hospitality to men who once vowed to destroy him. In a gesture that symbolizes the rehabilitation of the Krupp empire and name, the U.S., which has long refused to admit convicted war criminals, last fortnight granted Alfried...

Author: /time Magazine | Title: BUSINESS ABROAD: The House That Krupp Rebuilt | 8/19/1957 | See Source »

...Krupp engineers are also in Russia discussing details of a $3,000,000 synthetic-fiber and chemical plant now on Krupp's order books. In Greece the firm is building a $23 million oil refinery near Athens, is interested in setting up a steel plant to tap Greece's rich ore deposits. Kruppmen are at work on yet another steel plant in Pakistan. Other projects, from bridges to whole new industrial areas, are being pushed in Spain, Thailand, Bolivia, South Africa, Indonesia...

Author: /time Magazine | Title: BUSINESS ABROAD: The House That Krupp Rebuilt | 8/19/1957 | See Source »

Gardens & Statues. Krupp's amazing comeback symbolizes the thrust, determination and vigor that have made West Germany one of the most prosperous nations in Europe, industrially the world's fourth most powerful. The energy and ingenuity of German industry has more than doubled the country's industrial production since 1950. Last year Germany manufactured more than 1,000,000 trucks and autos, became the world's second largest automaker. Steel output reached 2,000,000 tons a month for the first time, exceeding that of Hitler's Reich in 1938 and pushing Germany into first...

Author: /time Magazine | Title: BUSINESS ABROAD: The House That Krupp Rebuilt | 8/19/1957 | See Source »

Father's Dream. The Krupp dynasty was started by a young Essen merchant named Friedrich Krupp, who switched to making steel when Napoleon's blockade of England cut the Continent off from supplies of high-quality British steel. Friedrich died a failure at 40, leaving his 14-year-old son Alfred the company name, a rundown factory and an obsessive devotion to steel. Though his relatives called him "stupid" for following his father's dream, Alfred started at 15 to learn to produce high-quality steel. He went to England under an assumed name to study British...

Author: /time Magazine | Title: BUSINESS ABROAD: The House That Krupp Rebuilt | 8/19/1957 | See Source »

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