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"Gold I gave for Iron" - World War I and the Years After
The dynamic development of the first years were suddenly interrupted by the outbreak of World War I. In 1917, private persons and enterprises in Germany were
ordered to help in filling the war treasure, and thus the gold stock of the jewellery manufactury Gebrüder Wolf fell victim to this demand. The three entrepreneurs passed the hard years of war as good as
possible. Two brothers were called to do military service, and one brother had to make sure that the firm persisted.Inflation and the "Golden Twenties"
In the early twenties, there was
the first great inflation in Germany, which was followed by a few prospering years. In 1922, the young merchant Emil Wolf (born on August 13, 1903), the son of Robert Wolf, entered the firm. His numerous
travels in Germany and abroad provided new contacts and business relationships to wholesalers and department stores. In autumn 1929, however, with the great crash, the short period of prospering was over
already, and until 1933, the German economy was down on the ground. |
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