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377:. Business interests of this magnitude were constantly expanding, and he became interested in numerous subsidiary enterprises, such as tramways and the supply of electric power and light. He was always engaged in founding new companies or amalgamating existing ones. Stinnes managed to maintain an extensive and even a detailed knowledge of the working of all the companies in which he was engaged and, in all of them, to exact zealous and conscientious work from his business subordinates. The secret of his success was
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576:, the latter being one of the oldest newspapers in Germany. Both of the Munich journals were previously exponents of a very much more democratic trend of opinion than that which came to characterize them under his proprietorship. Ancillary to these acquisitions, Stinnes secured large interests in paper mills in order to make his newspapers independent of the paper market.
625:, and Wilderman attempted to recover his assets. However, Stinnes delayed the process by disputing the facts surrounding Wilderman's birth, such as accusing Wilderman of forging his birth certificate, and used financial sleight of hand to pretend the assets had in fact been dissipated and, therefore, there was nothing that could be restored.
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Gradually, from working in the coal industry, he purchased his own shipyard. He also began to purchase seagoing vessels as well as river steamers and barges, the latter—especially on the Rhine—on a constantly increasing scale. He next organized an extensive international business in coal, and had 13
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When World War I broke out, Stinnes secured an enormous share in the war profits which enlarged the fortunes of the great industrialists. In enemy countries, his enterprises were sequestrated, and his firm at
Rotterdam placed on the Allies' "black list". But, apart from the regular
621:(then part of Russia), had set up a series of factories in Germany in 1912. However, at the outbreak of World War I, Stinnes seized the factories and deprived Wilderman of his assets, using the excuse that Wilderman was an "enemy alien". In 1918, Bessarabia became part of
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bought shares to become the majority shareholder. The reason for RWE's rapid growth were the permits provided by the communities. However, since these concessions were time-limited, he chose to make the communities permanent shareholders, and gave each mayor a car.
636:
Stinnes died in Berlin as a result of a gall bladder operation. Although his financial empire held some 4500 companies and 3000 manufacturing plants, it collapsed within a year of his death. Parts of his empire continued as
Stinnes AG (now
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During the war, Stinnes extended his activities in
Hamburg, and in 1916 he bought up the Woermann and the East African steamship lines. In these new undertakings, he became associated with the two greatest German shipping companies, the
543:
About the time of his election to the
Reichstag, Stinnes began to buy up leading German newspapers, one of his main objects being to organize a solid and powerful bloc of opinion in Germany in support of
775:"George W. F. Hallgarten and Joachim Radkau. <italic>Deutsche Industrie und Politik: Von Bismarck bis Heute</italic>. Frankfurt am Main: Europäische Verlagsanstalt. 1974. Pp. 574"
365:, he was the possessor of a significant fortune which was vaguely estimated at several million pounds. He was a director of many of the largest industrial and mining companies of
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from 1920 to 1924 (his death). During the late era of the German Empire and early Weimar
Republic, he was considered to be one of the most influential entrepreneurs in Europe.
744:
490:, is said to have been financed through one of his confidants. Already at the end of 1918 he had contributed around 4.4 million Reichsmarks to the financing of the
916:
348:). He envisioned using the steam from his mines to drive turbines for electricity production. As soon as Stinnes recognized RWE's potential he and steel magnate
256:. His parents Hermann Hugo (1842–1887) and Adeline Stinnes (1844–1925), and his grandfather, Matthias Stinnes, had founded a modest enterprise in Mülheim.
466:. On his initiative, on January 10, 1919, Stinnes conducted a meeting of top representatives of the German economy in revolutionary Berlin and funded
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Stinnes' connection with
Ludendorff led to his becoming an influence behind the scenes in German politics. In 1918 he became a founding member of the
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media empire, which was supposed to carry nationalist propaganda to the population and which later became the nation-wide propaganda machine for
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Since its founding in 1898, Stinnes had been on the Board of
Directors of the Rheinisch-Westfälisches Elektrizitätswerk Aktiengesellschaft (
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where he received business training. In order to get a practical knowledge of mining, he worked for a few months as a miner at the Wiethe
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417:. His Hamburg interests continued to multiply in something like geometrical progression. He purchased half a dozen landed estates in
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and laid the foundation of today's system of cooperation between the unions and employers in
Germany. The introduction of the
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to borrow vast sums in
Reichsmark, repaying the loans with nearly worthless currency later. This earned him the title of "
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personally. Substantial support was provided by
Stinnes to the NSDAP. It is assumed that it was his donations to the
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and to help to set in motion the gigantic production of war material which the German general headquarters demanded.
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Causes célèbres du droit des gens: Tribunal arbitral mixte Roumano-Allemand. Affaire Wilderman c/ Stinnes et autres
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In the 1920s, Stinnes was embroiled in a legal dispute with Mayer Wilderman. Wilderman, who had been born in
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ports. They carried coal, wood, grain and iron ore. By the age of 23, Stinnes was heavily invested in the
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shipping concern, and proceeded to build a new fleet of ships, christening one of them the "Hindenburg".
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as well as an interest in some English mines. This led to his establishing branches of his business at
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227:(12 February 1870 – 10 April 1924) was a German industrialist and politician who served as a member of
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called him "The New Emperor of Germany" to describe his far-reaching political influence and wealth.
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and an essential unity of direction and coordination of aims in all branches of his enterprises.
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673:(1903–1983), Hilde (1904–1975), Ernst (1911–1986), and Else (1913–1997). Their daughter
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was the first European woman to circumnavigate the world with an automobile in 1929.
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paid by the German government, he was richly compensated when he was called in by
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industry. He also imported great quantities of English coal and had an agency at
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In 1895, Hugo Stinnes married Cläre Wagenknecht; the couple had seven children:
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as a senseless adventure, but at the same time made friendly gestures towards
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732:(12th ed.). London & New York: The Encyclopædia Britannica Company.
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After passing his graduating examination from a secondary school (
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By the early 1920s, Stinnes was also using his influence in the
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was a financier who left Germany and gave his home for the
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and the promotion of the highest industrial and commercial
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Tycoons and tyrant German industry from Hitler to Adenauer
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and then of all the succeeding German governments, the
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The coffin of Stinnes being carried during his funeral
513:. He acted as spokesman for German industry towards
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462:or DVP), the new electioneering name of the former
649:, the second-largest energy supplier in Germany.
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536:treasury that created the financial base of the
917:Members of the Reichstag of the Weimar Republic
64:4 May 1920 – 10 April 1924 (his death)
16:German industrialist and politician (1870–1924)
688:in 1945 which brought WW2 to an end in Italy.
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265:), young Stinnes was placed in an office at
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745:"Akte D (3) - Die Macht der Stromkonzerne"
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198:Industrialist, philanthropist, politician
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482:, who was responsible for the murder of
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552:. His newspaper purchases included the
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859:Newspaper clippings about Hugo Stinnes
902:German steel industry businesspeople
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388:Hugo Stinnes between 1915 and 1920
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927:German People's Party politicians
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743:Florian Opitz (27 October 2014).
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602:" (Inflation King). In 1923, the
437:Investment in right-wing politics
292:and other financial enterprises.
751:(in German). ARD. Archived from
594:inflation in the Weimar Republic
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832:Albert Geouffre de Lapradelle,
221:Hugo Adolf Eugen Victor Stinnes
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96:Hugo Adolf Eugen Victor Stinnes
922:People from the Rhine Province
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779:The American Historical Review
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470:(Anti-Bolshevist Fund) of the
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686:Secret Surrender negotiations
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509:, Stinnes was elected to the
301:steamers trading to and from
283:Technische Universität Berlin
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897:German mining businesspeople
808:Lochner, Louis Paul (1954).
720:Chisholm, Hugh, ed. (1922).
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932:Deutsche Allgemeine Zeitung
863:20th Century Press Archives
555:Deutsche Allgemeine Zeitung
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643:Hugo Stinnes Schiffahrt
296:Building a conglomerate
281:in Charlottenburg (now
787:10.1086/ahr/81.2.407-a
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524:Stinnes denounced the
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468:Antibolschewistenfonds
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279:Technische Hochschule
151:German People's Party
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340:Hugo Stinnes in 1900
277:(in 1916 merged the
244:Stinnes was born in
275:Bergakademie Berlin
755:on 29 October 2014
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781:. April 1976.
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28:Hugo Stinnes
887:1924 deaths
882:1870 births
659:Edmund Hugo
526:Kapp Putsch
363:World War I
250:Ruhr Valley
139:Nationality
876:Categories
759:29 October
692:References
619:Bessarabia
580:Later life
550:efficiency
534:Nazi party
478:. Captain
375:Luxembourg
367:Westphalia
262:Realschule
240:Early life
195:Occupation
102:1870-02-12
50:Member of
820:582320510
795:1937-5239
749:Das Erste
675:Clärenore
667:Clärenore
511:Reichstag
476:Freikorps
427:Schleswig
423:Flensburg
371:Rhineland
331:Rotterdam
323:Newcastle
315:Black Sea
303:North Sea
248:, in the
229:Reichstag
203:Signature
189:Clärenore
60:In office
52:Reichstag
680:His son
607:magazine
604:American
572:and the
413:and the
271:colliery
184:Children
73:Duisburg
865:of the
861:in the
852:at the
623:Romania
403:Belgium
361:Before
329:and at
327:Hamburg
267:Koblenz
246:MĂĽlheim
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109:MĂĽlheim
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653:Family
560:Berlin
431:Baltic
419:Saxony
369:, the
307:Baltic
290:mining
157:Spouse
142:German
129:Berlin
586:press
500:NSDAP
319:steel
172:(
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816:OCLC
791:ISSN
761:2014
671:Otto
645:and
611:Time
486:and
447:Time
373:and
313:and
287:coal
119:Died
92:Born
867:ZBW
783:doi
647:RWE
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