This proved to be a very fortunate decision, because 20 years later Germany was divided. Wilhelm Arno Schimmel decided to moved to Brunswick in 1931 and began manufacturing under the name Wilhelm Schimmel, Pianofortefabrik GmbH. To add to its problems, the piano industry now had to compete with the radio and the gramophone. The runaway inflation of 1923, followed by the Great Depression, resulted in a drastically curtailed production. In its best years, the annual production of the German piano industry prior to the Great War (later referred to as World War I) had been about 180,000 units. ![]() 25, 1929, initiating the Great Depression. This took place as the world economy was going through a difficult phase, culminating two years later in the Great Stock Market Crash on “Black Friday”, Oct. In 1927, at the age of 73, Wilhelm Schimmel retired from active management of the company, passing the mantle to his son, Wilhelm Arno Schimmel.
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