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Krupp Works
The Krupp family (see pronunciation), a prominent 400-year-old German dynasty from Essen, is notable for its production of steel, artillery, ammunition and other armaments. The family business, known as Friedrich Krupp AG (Friedrich Krupp AG Hoesch-Krupp after acquiring Hoesch AG in 1991 and lasting until 1999), was the largest company in Europe at the beginning of the 20th century, and was the premier weapons manufacturer for Germany in both world wars. Starting from the Thirty Years' War until the end of the Second World War, it produced battleships, U-boats, tanks, howitzers, guns, utilities, and hundreds of other commodities. The dynasty began in 1587 when trader Arndt Krupp moved to Essen and joined the merchants' guild. He bought and sold real estate, and became one of the city's richest men. His descendants produced small guns during the Thirty Years' War and eventually acquired fulling mills, coal mines and an iron forge. During the Napoleonic Wars, Friedrich Krupp ...
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Aktiengesellschaft
(; abbreviated AG, ) is a German word for a corporation limited by Share (finance), share ownership (i.e. one which is owned by its shareholders) whose shares may be traded on a stock market. The term is used in Germany, Austria, Switzerland (where it is equivalent to a ''S.A. (corporation), société anonyme'' or a ''società per azioni''), and South Tyrol for companies incorporated there. It is also used in Luxembourg (as lb, Aktiëgesellschaft, label=none, ), although the equivalent French language term ''S.A. (corporation), société anonyme'' is more common. In the United Kingdom, the equivalent term is public limited company, "PLC" and in the United States while the terms Incorporation (business), "incorporated" or "corporation" are typically used, technically the more precise equivalent term is "joint-stock company" (though note for the British term only a minority of public limited companies have their shares listed on stock exchanges). Meaning of the word The German w ...
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