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German Steel Trust
The merger of four major firms into the German Steel Trust (Vereinigte Stahlwerke) in 1926 was modeled on the U.S. Steel corporation in the U.S. The goal was to move beyond the limitations of the old cartel system by incorporating advances simultaneously inside a single corporation. The new company emphasized rationalization of management structures and modernization of the technology; it employed a multi-divisional structure and used return on investment as its measure of success. it represented the "Americanization" of the German steel industry because of its internal structure, management methods, use of technology, and emphasis on mass production replicated the Steel Trust developed a multi-divisional structure and aimed at return on investment as a measure of success. The chief difference was that consumer capitalism as an industrial strategy did not seem plausible to German steel industrialists.Alfred Reckendrees, "Die Vereinigte Stahlwerke A.G. 1926–1933 Und 'Das Glä ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Merger
Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspect of strategic management, M&A can allow enterprises to grow or downsize, and change the nature of their business or competitive position. Technically, a is a legal consolidation of two business entities into one, whereas an occurs when one entity takes ownership of another entity's share capital, equity interests or assets. A deal may be euphemistically called a ''merger of equals'' if both CEOs agree that joining together is in the best interest of both of their companies. From a legal and financial point of view, both mergers and acquisitions generally result in the consolidation of assets and liabilities under one entity, and the distinction between the two is not always clear. In most countries, mergers and acquisitions must comp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mass Production
Mass production, also known as flow production or continuous production, is the production of substantial amounts of standardized products in a constant flow, including and especially on assembly lines. Together with job production and batch production, it is one of the three main production methods. The term ''mass production'' was popularized by a 1926 article in the ''Encyclopædia Britannica'' supplement that was written based on correspondence with Ford Motor Company. ''The New York Times'' used the term in the title of an article that appeared before publication of the ''Britannica'' article. The concepts of mass production are applied to various kinds of products: from fluids and particulates handled in bulk (food, fuel, chemicals and mined minerals), to parts and assemblies of parts (household appliances and automobiles). Some mass production techniques, such as standardized sizes and production lines, predate the Industrial Revolution by many centuries; however, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consumer Capitalism
A consumer is a person or a group who intends to order, or uses purchased goods, products, or Service (economics), services primarily for personal, social, family, household and similar needs, who is not directly related to entrepreneurial or business activities. The term most commonly refers to a person who purchases goods and services for personal use. Consumer rights “Consumers, by definition, include us all," said President John F. Kennedy, offering his definition to the United States Congress on March 15, 1962. This speech became the basis for the creation of World Consumer Rights Day, now celebrated on March 15. In his speech : John Fitzgerald Kennedy outlined the integral responsibility to consumers from their respective governments to help exercise consumers' rights, including: *The right to safety: To be protected against the marketing of goods that are hazardous to health or life. *The right to be informed: To be protected against fraudulent, deceitful, or grossly ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fritz Thyssen
Friedrich "Fritz" Thyssen (9 November 1873 – 8 February 1951) was a German businessman, born into one of Germany's leading industrial families. He was an early supporter of the Nazi Party, but later broke with them. Biography Youth Thyssen was born in Mülheim in the Ruhr area. His father, August, was head of the Thyssen mining and steelmaking company, founded by his father Friedrich and based in the Ruhr city of Duisburg. Friedrich studied mining and metallurgy in London, Liège, and Berlin, and after a short period in the German Army, joined the family business. On 18 January 1900 in Düsseldorf he married Amelie Helle or Zurhelle ( Mülheim am Rhein, 11 December 1877 – Puchdorf bei Straubing, 25 August 1965), daughter of a factory owner. Their only child, Anna (Anita; later Anita Gräfin Zichy-Thyssen), was born in 1909. Thyssen again joined the army in 1914, but was soon discharged on account of a lung condition. Weimar Germany Thyssen was a German nationalist who su ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Friedrich Flick
Friedrich Flick (10 July 1883 – 20 July 1972) was a German industrialist and convicted Nazi war criminal. After the Second World War, he reconstituted his businesses, becoming the richest person in West Germany, and one of the richest people in the world, at the time of his death in 1972. Early life Born in Ernsdorf (today, Kreuztal) in the Prussian Province of Westphalia, Flick began his career as a clerk in the iron industry. A shrewd businessman, he was on the Board of Directors of an iron foundry by 1915 at age 32, becoming General Director four years later. He amassed a fortune during World War I and became extremely wealthy under the Weimar Republic, establishing major industrial concerns in the coal and steel industries. He profited from speculation, and stock deals. A conservative, he donated to many different mainstream political parties under the Weimar regime, and contributed greatly to the election campaign of conservative President Paul von Hindenburg. In 1932, he ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vereinigte Stahlwerke AG
The Vereinigte Stahlwerke AG (VSt or Vestag, ''United Steelworks'') was a German industrial conglomerate producing coal, iron, and steel in the interbellum and during World War II. Founded in 1926, economic pressures (decreasing prices and excess capacities) led to the union of several companies, including Thyssen AG, , Rheinische Stahlwerke, Rhein-Elbe-Union GmbH, , , and . This group united of most German iron, steel and coal producers but did not include Hoesch AG, Krupp AG, Klöckner-Werke, , and Mannesmann.http://www.h-net.org/reviews/showrev.cgi?path=249411005252667 The company was headquartered in Düsseldorf. During the 1930s, VSt was one of the biggest German companies and, at times, also the largest steel producer in Europe. With up to about 250,000 workers, it produced about 40% of the steel and 20% of the coal produced in Germany. Chief executive officer (chief of the Vorstand) was initially Albert Vögler, until 1935. He was succeeded (1935−1943) as CEO by Ernst Poe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Clarence Douglas Dillon
Clarence Douglas Dillon (born Clarence Douglass Dillon; August 21, 1909January 10, 2003) was an American diplomat and politician, who served as U.S. Ambassador to France (1953–1957) and as the 57th Secretary of the Treasury (1961–1965). He was also a member of the Executive Committee of the National Security Council ( ExComm) during the Cuban Missile Crisis. Early life Dillon was born on August 21, 1909, in Geneva, Switzerland, the son of American parents, Anne McEldin (née Douglass) and financier Clarence Dillon. Although Dillon grew up as a patrician, his paternal grandfather, Samuel Lapowski, was a poor Jewish emigrant from Poland. After leaving Poland, his grandfather settled in Texas after the American Civil War and married Dillon's Swedish-American grandmother. Dillon's father later changed his family name to Dillon, an Anglicization of "Dylion", his grandmother's maiden name. Dillon's mother was descended from the Graham family, Lairds of Tamrawer Castle at Ki ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dillon Read & Co
Dillon may refer to: People *Dillon (surname) *Dillon (given name) * Dillon (singer) (born 1988), Brazilian singer *Viscount Dillon, a title in the Peerage of Ireland Places Canada *Dillon, Saskatchewan United States *Dillon Beach, California *Dillon, Colorado *Dillon, Illinois *Dillon, Kansas *Dillon, Missouri *Dillon, Montana *Dillon, South Carolina **Dillon County, South Carolina *Dillon, West Virginia *Dillon Falls, Ohio, also called Dillon *Dillons Run, a river in West Virginia *Dillon State Park, on the Licking River, Licking County, Ohio *Dillon Township (other) Arts and entertainment Fictional characters *Al Dillon, in the 1987 film ''Predator'' * Kevin Dillon (character), in the young adult novel ''Freak the Mighty'' * Matt Dillon (''Gunsmoke''), in the radio and television versions of ''Gunsmoke'' *The Dillon family in the soap opera ''All My Children'': **Laurel Banning Dillon **Janet Dillon *Dillon Quartermaine, in the soap opera ''General Hospital'' *Dil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Union Banking Corporation
The Union Banking Corporation (UBC) was a banking corporation in the US. Founding member and one of its seven directors was Prescott Bush. The banks assets were seized by the United States government on October 20, 1942, during World War II under the U.S. Trading with the Enemy Act and Executive Order No. 9095. Seizure According to an October 5, 1942, report from the Office of Alien Property Custodian, Union Banking was owned by Bank voor Handel en Scheepvaart N.V., a Dutch bank. The memo from August 18, 1941, states "My investigation produced no evidence as to the ownership of this Dutch bank." The Dutch bank was alleged to be affiliated with United Steel Works, a German company. Fritz Thyssen and his brother, Heinrich Thyssen-Bornemisza, had the Dutch bank and the steel firm as part of their business and financial empire according to the government agency. Fritz Thyssen resigned from the Council of State after November 9, 1938 ''Kristallnacht'', was arrested in 1940, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Albert Voegler
Albert may refer to: Companies * Albert (supermarket), a supermarket chain in the Czech Republic * Albert Heijn, a supermarket chain in the Netherlands * Albert Market, a street market in The Gambia * Albert Productions, a record label * Albert Computers, Inc., a computer manufacturer in the 1980s Entertainment * ''Albert'' (1985 film), a Czechoslovak film directed by František Vláčil * ''Albert'' (2015 film), a film by Karsten Kiilerich * ''Albert'' (2016 film), an American TV movie * ''Albert'' (Ed Hall album), 1988 * "Albert" (short story), by Leo Tolstoy * Albert (comics), a character in Marvel Comics * Albert (''Discworld''), a character in Terry Pratchett's ''Discworld'' series * Albert, a character in Dario Argento's 1977 film ''Suspiria'' Military * Battle of Albert (1914), a WWI battle at Albert, Somme, France * Battle of Albert (1916), a WWI battle at Albert, Somme, France * Battle of Albert (1918), a WWI battle at Albert, Somme, France People * Alber ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Otto Steinbrinck
Otto Steinbrinck (19 December 1888 – 16 August 1949) was a highly decorated World War I naval officer and German industrialist who was later indicted and found guilty in the Nuremberg Flick Trial. Having had a very successful career as a U-boat commander in World War I, during which he won the much-coveted Pour le Mérite, Steinbrinck had a highly successful career in industry in the 1920s. Through the ''Freundeskreis Reichsführer SS'', he cultivated relationships with the Third Reich's leading circles. Steinbrinck's leading position within the Flick conglomerate and his role in integrating coalmines and heavy industry in occupied West Europe into the German war economy were what in the end brought him before the court at Nuremberg. U-boat commander The schoolteacher's son was from 1907 a professional soldier in the German Imperial Navy, and as of 1911 saw service on several submarines. His younger brother, Erich Steinbrinck, also served in the Navy until he was killed during ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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