Schneider


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The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

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

The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.
References in classic literature ?
Schneider and his companion started as nervously as though a ghost had risen before them.
I can help you, and you can help me." He was addressing Schneider. "You can navigate a ship, but you have no ship.
Schneider desired more information, and got as much as Momulla thought best to give him.
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.
"We are in luck," said Schneider to his companions.
"We have come upon the English schweinhund long before he can have learned that his country is at war with ours," replied Schneider. "Let him be the first to feel the iron hand of Germany."
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 is a transportation and logistics services company providing a broad portfolio of premier truckload, intermodal and logistics solutions and operating one of the largest for-hire trucking fleets in North America.
Schneider spent time in the summer at the IMG Academy in Bradenton, Fla., at a college kicking camp with coach Chris Sailer, whom he first met during a specialists camp at Oregon following his junior year of high school.