Krupp Family
Definition
The Krupp family was a prominent 400-year-old German dynasty from Essen, known for their production of steel, artillery, ammunition, and other armaments.
Related terms
Alfred Krupp: Known as 'the Cannon King,' he was a member of the Krupp family who developed new methods of producing and using steel - akin to Steve Jobs' role in developing Apple's iconic products.
Armaments Industry: This refers to businesses involved in producing weapons for military use. It's like a specialized tech industry focusing solely on creating devices for security purposes.
Industrial Revolution: A period from about 1760 to 1840 when major changes occurred in agriculture, manufacturing, mining, and transport that had a profound effect on socioeconomic conditions. The rise of families like the Krupps can be compared to modern tech giants emerging during our current digital revolution.
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