By Werner Abelshauser, Wolfgang von Hippel, Jeffrey Allan Johnson, Raymond G. Stokes
This company historical past of BASF deals a view of the functioning of an commercial association that has controlled to thrive and extend considering 1865. in addition, it unearths a lot concerning the purposes for the extreme fiscal dynamics of the German empire and the large growth of the area economic climate prior to global conflict I. It allows the probing of the origins and unfold of the data society, within which technology and research-based innovation became the main determinants of financial development and social improvement. consequently, BASF's heritage built on the center of Germany's wartime economic climate in the course of either international wars and highlights its strengths in addition to its weaknesses.
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Additional info for German Industry and Global Enterprise: BASF: The History of a Company
Engelhorn, who had once gone so far as to try to obtain advanced methods of fuchsin manufacture from competitors in London through industrial 44 46 47 48 Glaser, Erlebnisse, 15–16. 45 VT I, 129. A large amount of documents on this are in SALU, Abt. 2330, BASF I and II; in addition, see BASF UA, A 13/1/7ff. Report of Ladenburg to the general assembly of stockholders, 1868, BASF UA, C 111. For example, there were 7 different Magenta products, 12 blue products soluble in water, 9 different types of water-soluble methylene violet and methylene green, and so on: VT, Tri-Farben, 66–67; slightly differently reported in VT I, 149 ff.
Thanks to pioneering theoretical work beginning in the late 1850s, especially that done by August Wilhelm Hofmann and Friedrich August Kekul´e, it became possible to do systematic research in the area of organic chemistry, and in particular dyestuff chemistry. Such systematic research promised rich yields well beyond those offered by mere experience and tacit knowledge or by the hitherto much more accidental synthesis of dyes. The leadership of BASF was able to exploit this situation with a ﬁne feeling for future developments.
They stayed constant at the guaranteed 5 percent during the ﬁrst two years, before turning sharply upward in the following years, reaching a very considerable 25 percent in 1872. On average, the nominal interest rate for share capital during each of the ﬁrst seven years amounted to about 14 percent. On an Expansion Course: The Fusion with the Stuttgart Firms of Knosp and Siegle in 1873 The “crash” of 1873, the consequence of the overheated speculation during the short period of euphoria following the uniﬁcation of Germany in 1871, did not leave BASF unscathed.
German Industry and Global Enterprise: BASF: The History of a Company by Werner Abelshauser, Wolfgang von Hippel, Jeffrey Allan Johnson, Raymond G. Stokes