Schneider


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Schneider

 

one of the oldest groups of monopoly capital in France. A major role in the group, which emerged in the first half of the 19th century, is played by the Schneider family.

In 1836, Eugène Schneider and his brother Adolphe acquired metallurgical and metalworking plants in the city of Le Creusot; these developed into the large weapons and metallurgical concern Schneider-Creusot. After World War I the concern controlled enterprises and companies of the machine-building, shipbuilding, automobile, and power-engineering industries, as well as several large French financial institutions.

In 1936, when the nationalization of the French weapons industry went into effect, the plants of Schneider-Creusot devoted solely to arms manufacture were bought by the government. After World War II the government took similar measures with regard to the concern’s coal and power-engineering enterprises, insurance business, and several of its banks. In order to build itself up again and modernize production, the concern made extensive use of government aid and accepted approximately $2 million in American credit under the Marshall Plan. In the years after this rebuilding program, the two leading companies in the group were Schneider et Cie and the Union Europeene Industr-ielle et Financiére, which controlled the Schneider industrial and financial empire. The Schneider group is a typical example of a modern trust: a large number of companies, legally independent, are controlled by the holding company Schneider et Cie, which works in concert with the banks and other financial institutions in the group.

In the late 1960’s and early 1970’s the competitive struggle among the financial groups within the country intensified, and American and Western European corporations increasingly were able to establish themselves in the French economy; during this period Schneider was taken over by the more powerful Empain group, within which it continues to play a major role in the areas of ferrous metallurgy, machine building, and banking. As one of the government’s military contractors, the Schneider group manufactures artillery pieces, tanks, and instruments and forms part of the military-industrial complex. The Schneider group has extensive interests in the Federal Republic of Germany, Belgium, and Luxembourg.

REFERENCES

Frantsiia i tresty. Moscow, 1955. (Translated from French.)
Chernikov, G. P. Finansovaia oligarkhiia Frantsii. Moscow, 1966.

E. F. ZHUKOV

References in classic literature ?
Schneider and Schmidt were virtually prisoners, though they did not know it.
The Chinaman spoke at length with Schneider, until, notwithstanding his natural suspicion of the sincerity of all men, he became quite convinced that Schneider was quite as much a rogue as himself and that the fellow was anxious to leave the island.
These two premises accepted there could be little doubt that Schneider would prove trustworthy in so far as accepting the command of the Cowrie was concerned; after that Kai Shang knew that he could find means to coerce the man into submission to his further wishes.
When Schneider and Schmidt left them and set out in the direction of their own camp, it was with feelings of far greater relief than they had experienced in many a day.
It will go well indeed with Herr Hauptmann Fritz Schneider if he brings in the famous Tarzan of the Apes as a prisoner of war.
As the sun sank slowly behind the towering forests of the west, he turned slowly away upon the still-distinct trail of Hauptmann Fritz Schneider and his blood-stained company.
Schneider Electric, the global specialist in energy management and automation has been listed in LinkedIn Top Attractors, a global ranking of the 40 companies that attract most interest on LinkedIn; the business-oriented social networking service.
The announcement joins together The Corcoran Group and Allan Schneider Associates, the two largest residential real estate companies on Long Island's East End.
EDWARDS AIR FORCE BASE - Former NASA test pilot Ed Schneider, once dubbed ``Fast Eddie'' by his colleagues, is making another rapid move - going from retirement to Aerospace Walk of Honor enshrinement in less than two years.
Schneider Logistics is apremier provider of logistics solutions that deliver measurable value to the most complex supply chains, through operations based in North America and Europe.
Following the merger, Schneider paid a commitment fee to the French banks, and sought reimbursement from Square D.
James Schneider, a licensed CPA and attorney, was owner and president of an accounting firm, Schneider & Co.