Translations:Johs. Eckart Konservenfabrik/15/en

Inflation, War and Closedown

After the end of the war, the Eckarts lost their main customer: the army. The bad state of the economy and inflation resulted in significant losses for the company. Currency depreciation reached its peak in 1923. All invested savings and all the working capital of companies lost their value, so that numerous small businesses had to close down. Many of the main companies responded to this crisis by founding new companies with the aid of banks; these new companies were supposed to restart the businesses that had gone bankrupt or closed. Fritz and Otto Eckart also participated in founding a few of such new companies, for example in Plattling, Schwandorf, Amberg and Furth im Wald. These investments did not prove successful, and the activities nearly led to the company’s ruin.