1925 THE F&R
UNDER
GRITZNER
In this year the history of the Frister&Rossmann company had a very important change. It was taken over by the Gritzner company from Karlsruhe, Durlach, which later merged with the Kayser company from Kaiserslautern. Although F&R was took over by Gritzner they were still producing machines under the F&R trade mark. The English sole agent was Oliver Quitmann who took over the agency after W.Pierssene , with offices in 18 CITY ROAD London.
1929 Dissolution of the Frister&Rossmann company
The G.-V. dated 3.6.1929 decided to release according to § 240 HGB, the dissolution of the company. The serial numbers that sadly stop after 1.700.000 circa, jump to 3.600.000 circa, could this have happen with the take over of the company ? Also after 3.888.782 (the last recorded number), the serial numbers of the F&R and Gritzner start again from 000001, it is this as the consequence of the dissolution ? If that was the case then we have two very important dates.From the acquisition of F&R by Gritzner in 1925, the F&R serial numbers start from 3.662.713 (this could be the Gritzner serial number at that time).From the Dissolution of F&R in 1929, serial numbers start again from 000001(included those of Gritzner). From 1918-9 to 1925, 100.000 sewing machine were made , a not good production to keep F&R in business but why the dissolution happened only 4 years later Gritzner took them over?
From the end of WWI to 1933 a not very good time for Germany
The war and the treaty were followed by the Hyper-inflation of the early 1920s that wreaked havoc on Germany's social structure and political stability.
Prosperity reigned 1923–29, supported by large bank loans from New York.
The Great Depression struck Germany hard, starting in late 1929. There were no new American loans. Unemployment soared, especially in larger cities, fueling extremism and violence on the far right and far left, as the centre of the political spectrum weakened. Reparations along with the economic climate within Germany during this time period led to the fall of the Weimar Republic and the rise of Adolf Hitler and his Nazi Party. The reconstruction period was based on private investment and demand. When the stock market crashed in 1929, the investors who had been financing Germany pulled out, crippling its economy.World War I reparations payments ceased when Adolf Hitler's National Socialist German Workers' Party took power in 1933, with about one-eighth of the initial reparations paid.
The Great Depression was a severe worldwide economic depression in the decade preceding World War II. The timing of the Great Depression varied across nations, but in most countries it started in 1930 after the passage of the United States' Smoot-Hawley Tariff bill (June 17), and lasted until the late 1930s or middle 1940s. It was the longest, most widespread, and deepest depression of the 20th century.
In the 21st century, the Great Depression is commonly used as an example of how far the world's economy can decline. The depression originated in the U.S., after the fall in stock prices that began around September 4, 1929, and became worldwide news with the stock market crash of October 29, 1929 (known as Black Tuesday).
The Great Depression had devastating effects in countries rich and poor. Personal income, tax revenue, profits and prices dropped, while international trade plunged by more than 50%, due in large part to the Smoot-Hawley Tariff. Unemployment in the U.S. rose to 25%, and in some countries rose as high as 33%.
Cities all around the world were hit hard, especially those dependent on heavy industry. Construction was virtually halted in many countries. Farming and rural areas suffered as crop prices fell by approximately 60%. Facing plummeting demand with few alternate sources of jobs, areas dependent on primary sector industries such as cash cropping, mining and logging suffered the most.
Some economies started to recover by the mid-1930s. In many countries, the negative effects of the Great Depression lasted until the end of World War II.
