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1 - Golden years

Published online by Cambridge University Press:  14 October 2009

Niall Ferguson
Affiliation:
University of Oxford
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Summary

On II June 1913, a leviathan was launched in Hamburg. Weighing over 52,000 gross tons, the Imperator not only established the Hamburg–Amerika shipping line as the largest in the world; with its two later sister ships, the Vaterland and the Bismarck, it confirmed Hamburg's shipyards as equal to any in Britain. The ‘Hapag’'s publicity department described the Imperator as ‘a work of gigantic forms’, of ‘gigantic realities and still more gigantic portents’, and illustrated the point with scale drawings showing the upended ship alongside the Hamburg Rathaus, Ulm cathedral and the Wartburg. In a similar vein, the ship-builders Blohm and V0ß trumpeted that the still bigger Vaterland had been ‘built on the biggest slip, had received her equipment under the biggest crane, and […] would be launched in the biggest floating dock in the world’.

This economic giganticism is open to a variety of interpretations. Clearly, to many contemporaries, these leviathans embodied the great advances made by German industry and engineering since the mid nineteenth century. Yet from a purely economic standpoint, they were of dubious value. As expensive as they were immense, the three ships catered almost exclusively for luxury transatlantic passenger traffic and were not expected to break even; indeed, it was assumed by the Hapag that they would be subsidised by the line's freight business. Their social significance seems more obvious. With their marble sinks and electric heating, they were built for the delectation of a wealthy, cosmopolitan elite by an army of semi-skilled manual workers housed in the poorly plumbed, under-heated ‘rent-barracks’ of Hamburg's proletarian quarters.

Type
Chapter
Information
Paper and Iron
Hamburg Business and German Politics in the Era of Inflation, 1897–1927
, pp. 31 - 92
Publisher: Cambridge University Press
Print publication year: 1995

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  • Golden years
  • Niall Ferguson, University of Oxford
  • Book: Paper and Iron
  • Online publication: 14 October 2009
  • Chapter DOI: https://doi.org/10.1017/CBO9780511523588.003
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  • Golden years
  • Niall Ferguson, University of Oxford
  • Book: Paper and Iron
  • Online publication: 14 October 2009
  • Chapter DOI: https://doi.org/10.1017/CBO9780511523588.003
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Golden years
  • Niall Ferguson, University of Oxford
  • Book: Paper and Iron
  • Online publication: 14 October 2009
  • Chapter DOI: https://doi.org/10.1017/CBO9780511523588.003
Available formats
×