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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 »

...built up his firm by producing steel rails and the first seamless steel train tires for the railroads that were pushing across Europe and the American West. Krupp also turned out steel cannon, but for many years had little success in selling them until German militarists finally awoke to the fact that the new cannon were easier to load and more accurate and durable than the traditional bronze models. With Krupp cannon, Prussia defeated Austria in 1866 and France in 1871. By 1887 Krupp had sold 24,567 big guns to 21 nations. Alfred Krupp became known in Essen...

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

Wedding Right. Alfred's eldest son, Friedrich Alfred, did not like either business or steel, spent most of his time poking through zoological books in his Capri home. Yet the Krupp company had built up such momentum that in the 15 years of Friedrich Alfred's reign the number of Krupp workers rose to 43,000, the huge steel foundry at Rheinhausen was built, and all high-quality steel plates in Germany came to be called Krupp-Panzer. Four years after his death in 1902. Friedrich Alfred's daughter and only child. Bertha, married a Prussian counselor...

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

Gustav bought new iron-ore mines and coal mines, built bigger presses and mills. When World War I broke out, Krupp was the biggest industrial firm on the Continent, with 82,500 workers. During the war Krupp built the Big Bertha, the 42-centimeter mortar that smashed the Liège forts and cleared the way for the German advance into Belgium and France. Its name was also applied later by newspapermen to the German gun that shelled Paris from 75 miles away...

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

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