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After the German armies were driven back, the victorious Allies chopped off half of Krupp's steelmaking capacity, carried the equipment away, destroyed 2,000,000 machines and tools. But they could not destroy the spirit of Krupp's workers, who halted the dismantling process by going on strike during the French occupation. Furious, the French threw Gustav in jail for seven months. By the time Hitler came to power in 1933, the firm had built itself up again by producing a steady flow of peacetime goods. It had also violated the Versailles Treaty by secretly carrying...

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

...Jail. In 1943 Allied bombers started the rain of bombs on Krupp's Essen plant that eventually destroyed a third of it. That same year the aging, ailing Gustav got Hitler to declare legal the famed Lex Krupp, giving the Krupps the privilege henceforth to name one successor as the sole owner of the empire. He would arrange substantial allowances for the rest of the family, among whom stock had previously been split. Gustav stepped down, and Alfried, a sensitive, retiring young man. became ruler of the vast Krupp holdings. For the rest of the war, he left most...

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

When U.S. troops rolled up to Villa Hugel in 1945. Alfried Krupp came downstairs, protesting (in English) that he was merely a businessman. The Americans disagreed. He was bundled into a jeep and driven off through the rubble-strewn streets to be interrogated...

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

Gustav escaped trial when a medical examination proved him senile (he died in 1950), but the temper of the times demanded a Krupp in the dock. Though both the British and Russians declined to try Alfried, he and eleven directors were put on trial before a U.S. court at Nürnberg, were convicted of plundering the industries of conquered countries and exploiting slave labor. Alfried was sentenced to twelve years in prison and forced to forfeit his property, the only property seizure of the war crime trials; his directors got sentences ranging from two to twelve years. The head...

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

Orderly & Properly. There was nothing in Alfried Krupp's sheltered life to prepare him for this ordeal. The first of Gustav's and Bertha's eight children, he grew up in an atmosphere suggestive of Novelist Thomas Mann's Buddenbrooks. Kaiser Wilhelm II was his godfather. Young Alfried's world centered around Villa Hugel, which was not only a well-regulated German household to its inhabitants but the focus of social life for the Ruhr. The children saw little of their parents or other children, spent most of their time in the care of teachers...

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

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