Word: krupp
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Dates: during 1950-1959
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WEST Germany had new evidence of economic recovery (see FOREIGN NEWS). Friedrich Krupp & Co., and Demag, a big machinery maker, got the order to build a $150 million steel mill in India that will produce one-fourth of India's total steel output. The North German Lloyd line late this year will launch the first of six 10,000-ton passenger and cargo ships to go into service between Germany and the Far East, and Germany's C. C. Deilmann has won the exclusive rights to explore and drill for oil in Yemen...
WEST Germany's Krupp-controlled Stahlbau (steel construction company) Rheinhausen is negotiating with the Turkish government to build a $65 million, ¾-mile-long bridge across the Bosporus at Istanbul. Next to San Francisco's Golden Gate Bridge, it would be the world's longest span...
...World War II, Allied bombers knocked out more than 60% of Krupp's Essen plants and equipment, and the work begun by bombers was carried on by the victorious governments. Russia grabbed more than 130,000 tons of valuable Krupp machinery. Britain carted away 150,000 tons of valuable scrap, systematically dismantled half of the remaining Krupp buildings. Krupp himself was tried at NÜrnberg, and sentenced to twelve years in prison. (Six years later, U.S. High Commissioner John J. McCloy commuted the sentence to the time already served...
Founded in 1811, the Krupp firm sold arms to all nations and all causes, became a symbol of Bismarck's blood & iron Reich under Alfred Krupp, the present Krupp's great-grandfather. During his trial, Alfred Krupp said: "As a member of the fifth generation which produced steel, the fourth generation which forged weapons, I should like to add one thing. Never in my parents' home . . . did I hear one word or experience one act which welcomed or promoted any war at any place or at any time. The symbol of our house does not depict...
Last week representatives of the Allies and West German government officials were putting the final touches to a joint agreement permitting Krupp's wheels to turn again-for peaceful trade. Under the agreement, Krupp will be 1) forced to sell its coal mines and steel plants, and 2) will be allowed to produce only working peaceful products like trucks, ships, locomotives and agricultural machinery. But many a European industrialist hoped that the ban on arms production would soon be withdrawn. "The sooner Krupp pitches in to do its share in the rearming, the better," said one British official...