The Steinway Saga by D. W. Fostle
An American Dynasty

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Synopsis

The story behind the Steinway piano-making company reveals how a penniless German immigrant family rose to wealth and power within four generations despite hardship and tragedy and cites the historical impact that the Steinway piano has made. 20,000 first printing.
 

About D. W. Fostle

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Published May 5, 1995 by Scribner. 710 pages
Genres: Biographies & Memoirs, Business & Economics, History, Arts & Photography. Non-fiction

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While Steinway's prize-winning instruments sold at a profitable pace well into the 20th century, adversarial labor relations, two global wars, economic slumps, imports (mainly from Japan), shifts in consumer tastes, and technological innovations helped erode the one-product company's market.

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The buyers--a group of arguably unmusical MBAs--have not fared all that well with their leveraged purchase, in part because the vast majority of the roughly 200,000 Steinway grands built in the US during the past 100 years play as well as a new piano fresh from the factory.

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Publishers Weekly

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In 1850, an obscure cabinetmaker named Heinrich Steinweg moved with his wife and children from Germany to Manhattan's Lower East Side and founded a soon-to-be-renowned piano company that remained in the family until 1972.

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