Germany: Krupp Rises Again

Like Germany itself, the Krupp industrial machine, which has eagerly supplied the arms for military adventures since the days of Bismarck, rose stronger than ever from the ashes of both World Wars. Then, three years ago, a policy of borrowing short and lending long brought the mighty family empire to the brink of insolvency. In return for government guarantees of bank credit, Alfried Krupp, heir to the Krupp power and fortune, grudgingly agreed to relinquish his one-man rule. A public foundation headed by leading government and business officials was established to administer...

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