Economy
Braunschweig was one of the centres of the industrialization in Northern Germany. During the 19th and early 20th century the canning and railroad industries and the sugar production were of great importance for Braunschweig's economy, but eventually other branches such as the automotive industry became more important, while especially the canning industry began to vaish from the city after the end of World War II. The defunct truck and bus manufacturer Büssing was headquartered in Braunschweig. Current factories in the city include Volkswagen, Siemens, Bombardier Transportation, and Bosch.
The fashion label NewYorker, the publishing house Westermann Verlag, Volkswagen Financial Services and Volkswagen Bank have their headquarters in the city. Also two major optical companies were headquartered in Braunschweig, Voigtländer and Rollei.
Braunschweig is the home of two piano companies, both known worldwide for the high quality of their instruments: Schimmel and Grotrian-Steinweg. Both companies were founded in the 19th century. Additionally Sandberg Guitars is based in Braunschweig.
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Famous quotes containing the word economy:
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)