write about the krupp family
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The Krupp family (see pronunciation), a prominent 400-year-old German dynasty from Essen, is famous for their 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 a trader named Arndt Krupp moved to Essen and joined the merchants' guild. He began buying vacated real estate from families who fled the city due to the Black Death[dubious – discuss], 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 founded the Gusstahlfabrik (Cast Steel Works) and started smelted steel production in 1816. This led to the company becoming a major industrial power and laid the foundation for the steel empire that would come to dominate the world for nearly a century under his son Alfred. Krupp became the arms manufacturer for the Kingdom of Prussia in 1859, and later the German Empire.
During the 19th century, Alfred Krupp pioneered various benefit and social programs for the workers of the Krupp company. These included on-site technical and manual training, insurance (accident and life), low cost housing, hospitals, recreational facilities, parks, schools, bath houses, saloons, and department stores. Widows and orphans were guaranteed an income if their husbands or fathers were killed or injured at work.
The company produced steel used to build railroads in the United States and to cap the Chrysler Building. During the time of the Third Reich, the Krupp company supported the Nazi regime and the use of slave labour; a tool employed for carrying out the Holocaust while gaining from it an economical benefit. The company had a workshop near the Auschwitz death camp. After the war, Krupp was rebuilt from scratch and again became one of the wealthiest companies in Europe. However, this growth did not last indefinitely. In 1967, an economic recession resulted in significant financial loss for the company. In 1999, it merged with Thyssen AG to form the industrial conglomerate ThyssenKrupp AG.
Controversy has not eluded the Krupp company. Being a major weapons supplier to multiple sides throughout various conflicts, the Krupps were sometimes blamed for the wars themselves or the degree of carnage that ensued.[1][2]
Answer:
The Krupp family (see pronunciation), a prominent 400-year-old German dynasty from Essen, is famous for their production of steel, artillery, ammunition .
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