The company revolutionised steel production in Germany, stoking the two world wars through its arms production — yet it was also an early pioneer of social corporate policy. Today, the company is part of ThyssenKrupp AG, a highly diversified group, and a global technology and materials player with more thanemployees. The name Krupp stands for superlatives. The group is a leader in global metal and mineral trading, as well as in high-grade steel processing.
Friedrich Alfred Krupp After Krupp's death inhis only son, Friedrich Alfredcarried on the work. The father had been a hard man, known as "Herr Krupp" since his early teens. Friedrich Alfred was called "Fritz" all his life, and was strikingly dissimilar to his father in appearance and personality.
He was a philanthropist, a rarity amongst Ruhr industrial leaders. Part of his philanthropy supported the study of eugenics, part of progressive thought at the time. Fritz was a skilled businessman, though of a different sort from his father.
Fritz was a master of the subtle sell, and cultivated a close rapport with the Kaiser, Wilhelm II.
Under Fritz's management, the firm's business blossomed further and further afield, spreading across the globe. He focused on arms manufacturing, as the US railroad market purchased from its own growing steel industry. Fritz Krupp authorized many new products that would do much to change history.
InKrupp bought Gruson in a hostile takeover. In Rudolf Diesel brought his new engine to Krupp to construct. Fritz married Magda and they had two daughters: Bertha — and Barbara — ; the latter married Tilo Freiherr von Wilmowsky — in Fritz was arrested by Italian police at his retreat on the Mediterranean island of Capriwhere he enjoyed the companionship of forty or so adolescent Italian boys.
He had a subsequent publicity disaster and was found dead in his chambers not long after. It was alleged suicide, but foul play was suspected and details of the event were vague. His wife was institutionalized for insanity. Inthe firm formally incorporated as a joint stock companyFried.
However, Bertha owned all but four shares. Kaiser Wilhelm II felt it was unthinkable for the Krupp firm to be run by a woman.The House of Krupp From the beginning of the German Empire during Otto von Bismarck’s legacy through the young Kaiser Wilhelm II legacy many improvements to the political, economic, and social level of the empire were rising.
From to the rise of Hitler the industrial rise in Germany was one of the greatest behind Great Britain in Europe. The German Empire (German: Deutsches Kaiserreich, officially Deutsches Reich), also known as Imperial Germany, was the German nation state that existed from the Unification of Germany in until the abdication of Kaiser Wilhelm II in Germany The Krupp dynasty - glorified and vilified.
Two hundred years ago, Friedrich Krupp opened a steel foundry in the Ruhr Valley, laying the cornerstone for a legendary industrial empire. The year-old Krupp steel empire: a German legend In November , Krupp celebrated its th birthday.
The company revolutionised steel production in Germany, stoking the two world wars through its arms production – yet it was also an early pioneer of social corporate policy.
Krupp (krŏŏp), family of German armament manufacturers. The family settled in Essen in the 16th cent. The core of the great Krupp industrial empire was started by Friedrich Krupp, –, who built a small steel plant c The Krupp family (see pronunciation), a prominent year-old German dynasty from Essen, became famous for their production of steel, artillery, ammunition, and other armaments.
The family business, known as Friedrich Krupp AG, was the largest company in Europe at the beginning of the 20th century. It was important to weapons development and production in both world wars.