Word: offing
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Dates: during 1930-1939
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Of his three sons, two were disappointments. Heinrich, the eldest, married a Hungarian noblewoman, was made a baron of the old Austro-Hungarian Empire by Emperor Franz Josef, and thereafter showed more interest in collecting art than in making steel. At 60 he divorced his Baroness and married a Berlin...
But Fritz, the second son, buckled down, learned the steel business, eventually became sole manager of his father's empire. During World War I the Thyssen works boomed, Thyssen the Younger turned tough as his dad when the French occupied the Ruhr in 1921 and began issuing demands to...
In 1926, the Vereinigte Stahlwerke, the gigantic German steel trust, was formed. Herr Thyssen headed this organization, which controlled 75% of Germany's iron-ore production and 50% of coal-mine output and which listed among its properties 33,000 acres of mines and factories, a 1,200-mile...
But the rising social consciousness of Republican Germany, bringing with it legislation for providing better wages at fewer hours, ate heavily into the Thyssen profits. Depression began, and not only did Herr Thyssen see that the "Socialists are our great enemies," but he also saw the need for an armaments...
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