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German Economic Affairs
Topic Started: Jan 15 2012, 10:25 AM (1,368 Views)
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German Economic Affairs

Mayor Firms:
Pharmaceuticals & Chemicals:
Badische Anilin- und Soda-Fabrik
Boehringer Ingelheim
Bayer AG
Aktiengesellschaft fur Anilinfabrikation
Hoechst AG
Heavy Industry:
Vossloh AG
Maffei
Locomotivfabrik Krauss & Comp.
Union Giesserei Konigsberg
Henschel und Sohn
August Borsig Werke
Maschinenbauanstalt Humboldt A.G
Hannoversche Maschinenbau AG
Friedrich Krupp AG
Hoesch AG
Mannesmann AG
Thyssen AG
Energy & Electrical Engeneering:
Allgemeine Elektricitats-Gesellschaft
Rheinisch-Westfalisches Elektrizitatswerk AG
Siemens-Schuckert
Schipping:
Norddeutsche Lloyd
Hamburg Amerikanische Paketfahrt AG
Schipbuilding:
Kaiserliche Werft Wilhelmshaven
Kaiserliche Werft Kiel
Kaiserliche Werft Danzig
A.G. Weser
A.G. Vulcan
Friedrich Krupp Germaniawerft
Blohm und Voss
Howaldtswerke
Ferdinand Schichau
Bremer-Vulkan
Automotive:
Daimler-Motoren-Gesellschaft
Armaments:
Waffenfabrik Mauser
Rheinische Metallwaren- und Maschinenfabrik AG
Deutsche Waffen- und Munitionsfabriken AG
Simson & Co.
Bergmann Industriewerke
Rail:
Koniglich Preussische und Grossherzoglich Hessische Staatseisenbahn
Koniglich Bayerische Staatseisenbahn
Koniglich Sachsische Staatseisenbahnen
Koniglich Wurttembergische Staatseisenbahn
Grossherzoglich Badische Staatseisenbahn
Grossherzoglich Mecklenburgische Friedrich-Franz-Eisenbahn
Grossherzoglich Oldenburgische Staatseisenbahn
Reichseisenbahn Elsass-Lothringen
Banking and Insurance:
Deutsche Bank
Dresdner Bank
Joh. Berenberg, Gossler & Co. KG, Berenberg Bank
Bayerische Landesbodenkreditanstalt
Landeskreditkasse zu Kassel
Allianz AG
Munchener Ruckversicherungs-Gesellschaft
Commerz- und Disconto-Bank AG
London and Hanseatic Bank
Mitteldeutsche Creditbank
Edited by German Empire, Nov 18 2012, 03:18 PM.
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6 January, 1900: The Chambers of Commerce of Hamburg and Bremen have presented their rapports showing that the growth in German exports that started in 1894 "not only continued in 1899, but reached a level higher than ever." Both Chambers accentuate how recent German foreign policy initiatives based on commercial treaties "have been highly beneficial to Germany's trade" and how they expect that this will become the established foreign policy of the German Empire. Additionally, both mention how before the outbreak of the war the trade with South Africa in particular had been "very lively".

The Hamburg-America Line and North German Lloyd are vying for the position of biggest steam liner company in the world. With Lloyd announcing that the ships it has newly laid down will bring it to the premier place, while the Hamburg-America Line contests that with its new construction it will maintain its leading role in the liner business.

Finally the Chamber of Hamburg has advised that as the German sea borne trade grows the navy should expand at a similar pace.
Edited by German Empire, Apr 29 2012, 11:48 AM.
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March, 1900: All big German Banks have shows large increases in their dividend payments, making it clear that the banking sector in Germany in thriving. Not only have the deposits in the hands of the banks grown substantially, also their reserves have been increased to 32 percent of the capital.

In other news, the Imperial and Prussian three per cent obligations have been steadily losing their value as more have come into the market. Fears are starting to arise that if the newly proposed naval bill will be financed by loans that the interest rate will have to be increased lest the market be swamped beyond its absorptive capacity.
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March, 1900: The German Atlantic Telegraph company which is to lay a under ocean cable between New York and Emden by way of the Azores secured the capital necessary, and construction is expected to commence forthwith.
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August 1900: The state of German private shipbuilding is considered extremely healthy. 32 slips are now under construction, or almost 50% of those existing at the moment. Additionally in the Baltic Germany possesses 21 slips of over 500 feet in length. And finally there are 27 floating docks in Germany.

There have also been rumours of a large contract coming up for the German arms Industry from a foreign nations.
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September, 1900: As a result of the coal famine discussions have been going on in the foreign ministry which would eliminate all taxes on imported coal until next April. It is expected that many in the heavy industry sector will be opposed, but the consideration that it is expected that many Germans will be unable to warm themselves this winter has mobilised the Socialists and Catholics to fight for the measure.

Considering the high coal prices in Great Britain it is expected that the only substantial amounts of cheap coal will come from the Unites States.

The Government has put 4,000,000 in bonds for sale in New York, at the usual three per cent. The Diconto-Geselschaft has been put in charge of half the sale. While the other half is the responsibility of US banks.
Edited by German Empire, May 9 2012, 04:41 PM.
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March 1901: The Berlim tram way announced today that it transported over 450,000,000 passengers last year. This is almost 10 fold the number of people transported in 1899. The large increase in revenue which this has led to will make further expansion of the railroads possible.
Edited by German Empire, May 16 2012, 08:03 AM.
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17 August, 1901: Following Germanys economic setback this year several banks have been in severe financial difficulties. As part of the ongoing discussion how these could have been avoided the Kreutz-Zeitung, the conservative newspaper published a very surprising article.

The writer in the article calls for the complete separation between "speculative banks" and deposit banks.

Following this article it is expected that several conservative members of the Reichstag will bring a bill to vote on this exact issue. Strangely, it is expected that the Socialists will support the measure whereas the Centre parties will oppose it.
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December 1901: The German Colonial Office has proposed that German colonies shall start using the Mark as their currency. This would ease investment in their colonies and allow the exports of the colonies to increase the foreign currency reserves of the German Empire.

The return of growth to the German economy has been welcomed by many, who expect that after last year's heavy recession the coming year will be one of increased economic prosperity.
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January 1902: Imports of American raw Cotton have been cleared of all tariffs which were previously in place. It is hoped that the effects of this measure will be two fold. First, the stimulation of the Cotton industry in Germany, which has been fledgling for some years. And secondly the increase in quality of goods produced in Germany. Until now, the German industry has been mostly reliant upon Indian Cotton, which is of inferior quality, leading to inferior goods.

The removal of tariffs on Japanese Silk are hoped to have the same effect. The German silk sector, already booming will have access to a large amount of high quality raw silk.
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March 1902: Even though construction started on the Mittelland Canal in 1901 the final plan was only presented this month. The total cost of the canal, which is to be 202,4 miles in length is estimated to be 517,613,104 Marks. it is expected that it will take a grand total of 14 years to construct. So, if all goes well it is expected to be finished in 1915.

However, pieces of the canal will be opened as construction progresses. With the Dortmund-Ems-Weser link expected to be completed first.

When finished the canal will connect Germany from West to East, making the cheap transportation of raw materials a fact. It is also hoped that the canal will promote growing integration between the industrialising west of the country, and the predominantly agrarian east.
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January 1903: Krupp and Skoda works have agreed to create a firm which will design artillery for particular uses. The venture will start out small, but if successful will be increased and might move on from design only to manufacture of arms.

Discussion is ongoing as to whether Krupp-Skoda Special Arms cooperation on innovation should also stretch into other fields such as armour plating and industrial machinery.
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December 1903: Siemens and Schuckert have taken over the Berlin Electricity Company. The Electric investment company of the Deutsch Bank is the financial institution which shall service this combination. It is expected that these various measures shall lead to significant consolidation of the German electrical sector.
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December 1907: AEG has had its general Stockholders meeting. While the turnover of the company this June was still given at 11,000,000 Pounds Sterling, it has been clear that there have not been very many new orders for the coming year. Many contracts still extend to next year, but it is imperative that the company finds new markets.

As such the stockholders decided that significant investment in research was needed. Together with the large government subsidies to develop a steam turbine it is hoped that this will give AEG a lead over the competition in the coming years. A second measure which was proposed was a steady but growing expansion into Austria-Hungary.
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December 1907: On the second day of the month the "Association for the promotion of Free Trade in Germany" was founded. It was an initiative of several powerful merchants hailing from the port cities of Hamburg and Bremen. The Hamburg-America Line in particular was quick to recognise this as an important step in the relaxation in the various tariffs which strangle the German consumer.

However, other than the endorsement from the Hamburg-America Line there was little interest in the association. The Frankfurter Zeitung published a small article as a follow up to the Anglo-German Trade article, but no other newspapers outside of Hamburg carried the news.

It remains to be seen if the association will have any significant influence on government policy.
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June 1908: "Association for the promotion of Free Trade in Germany" has been steadily lobbying in the North of Germany. Several other mayor shipping firms have confirmed that they agree with the ideas of the association. However the most significant leap in recognition was when the chambers of commerce of the three big commercial cities in Germany's North -Hamburg, Bremen and Lubeck- endorsed the association in an open letter.

While the diplomatic crisis of 1908 has significantly reduced the appetite of many Germans in free trade there is significant pressure from socialist groups as well, who insist that it would be hugely beneficial to the German labourer and poor.
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March 1909: The publicity and power commanded by the "Association for the promotion of Free Trade in Germany" has risen steadily. Now that the association commands the political support of the new Progressive People's Party the free trade views it champions have started to become known to the general public. While not part of the either the party or the association the Frankfurter Zeitung has published several editions on protectionism in Germany and how it is slowing overall economic growth. On top of that both the Association for Free Trade and the Progressive People's Party have been paying for advertisements in the newspapers.

This recent offensive by the liberal left has sparked serious concern with the conservative and national liberal parties, who clearly understand that the reduction in tariffs championed by the liberals would include agricultural produce. As such they have mobilised their respective newspapers, led by the Kreuzzeitung. It points out that German economic growth in 1908 was unparalleled and that any significant change to economic policy would only increase stagnation.

The SDP has mostly kept out of the debate but realises that a reduction in tariffs would always benefit the poor workers of Germany. However, the vehement denial by the Liberals that they intend the measures as anything socialist and will always refuse to cooperate with the SPD have led to the SPD to stay out of the debate.
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June, 1911: The Reichstag has released a large bill of funding to improve infrastructure and boost industry. The Preußische Staatseisenbahnen has received $20,000,000 to improve rail systems in Posen and East Prussia. While no new main links are being built, cut offs and shorter routes are to be made and additional tracks alongside existing ones to allow for greater traffic. The station in Königsberg is also going to have two platforms added to it.

The Deutsche Reichspost will be opening 100 new post offices across the Empire in smaller budding towns that currently do not possess one. The company will hire nearly 2,500 more staff to deliver, sort, and accept mail as well as employees to run the offices. The Reichstag has appropriated $20,000,000 for this program as well.

Siemens has been granted $50,000,000 to open a Japanese subsidiary as well as fund domestic research into electrical engineering projects in Germany. Manufacturing operations in Japan will provide a secure, steady market for Siemens projects and Berlin is excited to see this occur.

Krupp has been given $10,000,000 to develop new heavier guns for the German Navy. Rumors indicate the company is working on still larger designs of ships for the German Navy through Germaniawerft.

The Reichstag has appropriated $75,000,000 to build the Gosen Canal which will be only a little over two miles in length and seven feet deep. It will provide a route between the two lakes on the outskirts of Berlin and connect them to the Oder-Spree Canal.
Edited by German Empire, Oct 23 2012, 11:26 PM.
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January, 1912: Violence and war in China has led to Bayer and Merck making a big push to export products through Tsingtao to the country. Field bandages, medical alcohol, morphine, field surgery kits, and medical products such as crutches are being shipped. It is hoped this will save many lives in China as well as allow the two companies to expand their operations in Asia considerably.
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February, 1912: Engineers are surveying a route to connect via canal the Rhine, Main, and Danube Rivers. It is a major challenge in such a rugged terrain and the requirements of water demanded by the lock system, but engineers believe it can be done. Berlin has given approval to begin construction when the ground thaws and plans are made concrete. No time table for the completion is yet available as it is uncertain exactly how difficult the digging will be.
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