Sunday, May 7, 2023

On This Date In History

On May 7, 1915, the British ocean liner Lusitania is torpedoed without warning by a German submarine off the south coast of Ireland. Within 20 minutes, the vessel sank into the Celtic Sea. Of 1,959 passengers and crew, 1,198 people were drowned, including 128 Americans. The attack aroused considerable indignation in the United States, but Germany defended the action, noting that it had issued warnings of its intent to attack all ships, neutral or otherwise, that entered the war zone around Britain.
When World War I erupted in 1914, President Woodrow Wilson pledged neutrality for the United States, a position that the vast majority of Americans favored. Britain, however, was one of America’s closest trading partners, and tension soon arose between the United States and Germany over the latter’s attempted quarantine of the British isles. Several U.S. ships traveling to Britain were damaged or sunk by German mines, and in February 1915 Germany announced unrestricted submarine warfare in the waters around Britain.
In early May 1915, several New York newspapers published a warning by the German embassy in Washington that Americans traveling on British or Allied ships in war zones did so at their own risk. The announcement was placed on the same page as an advertisement of the imminent sailing of the Lusitania liner from New York back to Liverpool. The sinkings of merchant ships off the south coast of Ireland prompted the British Admiralty to warn the Lusitania to avoid the area or take simple evasive action, such as zigzagging to confuse U-boats plotting the vessel’s course. The captain of the Lusitania ignored these recommendations, and at 2:12 p.m. on May 7 the 32,000-ton ship was hit by an exploding torpedo on its starboard side. The torpedo blast was followed by a larger explosion, probably of the ship’s boilers, and the ship sunk in 20 minutes.
It was revealed that the Lusitania was carrying about 173 tons of war munitions for Britain, which the Germans cited as further justification for the attack. The United States eventually sent three notes to Berlin protesting the action, and Germany apologized and pledged to end unrestricted submarine warfare. In November, however, a U-boat sunk an Italian liner without warning, killing 272 people, including 27 Americans. Public opinion in the United States began to turn irrevocably against Germany.
On January 31, 1917, Germany, determined to win its war of attrition against the Allies, announced that it would resume unrestricted warfare in war-zone waters. Three days later, the United States broke diplomatic relations with Germany, and just hours after that the American liner Housatonic was sunk by a German U-boat. On February 22, Congress passed a $250 million arms appropriations bill intended to make the United States ready for war. In late March, Germany sunk four more U.S. merchant ships, and on April 2 President Wilson appeared before Congress and called for a declaration of war against Germany. On April 4, the Senate voted to declare war against Germany, and two days later the House of Representatives endorsed the declaration. With that, America entered World War I.

On May 7, 1945, the German High Command, in the person of General Alfred Jodl, signs the unconditional surrender of all German forces, East and West, at Reims, in northeastern France.
At first, General Jodl hoped to limit the terms of German surrender to only those forces still fighting the Western Allies. But General Dwight Eisenhower demanded complete surrender of all German forces, those fighting in the East as well as in the West. If this demand was not met, Eisenhower was prepared to seal off the Western front, preventing Germans from fleeing to the West in order to surrender, thereby leaving them in the hands of the enveloping Soviet forces. Jodl radioed Grand Admiral Karl Donitz, Hitler’s successor, with the terms. Donitz ordered him to sign. So with Russian General Ivan Susloparov and French General Francois Sevez signing as witnesses, and General Walter Bedell Smith, Ike’s chief of staff, signing for the Allied Expeditionary Force, Germany was, at least on paper, defeated. Fighting would still go on in the East for almost another day. But the war in the West was over.
Since General Susloparov did not have explicit permission from Soviet Premier Stalin to sign the surrender papers, even as a witness, he was quickly hustled back East and into the hands of the Soviet secret police. Alfred Jodl, who was wounded in the assassination attempt on Hitler on July 20, 1944, would be found guilty of war crimes (which included the shooting of hostages) at Nuremberg and hanged on October 16, 1946. He was later granted a pardon, posthumously, in 1953, after a German appeals court found him not guilty of breaking international law.

 

On May 7, 1998, the German automobile company Daimler-Benz, maker of the world-famous luxury car brand Mercedes-Benz, announces a $36 billion merger with the United States based Chrysler Corporation.
The purchase of Chrysler, America’s third largest car company, by the Stuttgart based Daimler-Benz marked the biggest acquisition by a foreign buyer of any U.S. company in history. Though marketed to investors as an equal pairing, it soon emerged that Daimler would be the dominant partner, with its stockholders owning the majority of the new company’s shares. For Chrysler, headquartered in Auburn Hills, Michigan, the end of independence was a surprising twist in a striking comeback story. After a near-collapse and a government bailout in 1979 that saved it from bankruptcy, the company surged back in the 1980s under the leadership of the former Ford executive Lee Iacocca, in a revival spurred in part by the tremendous success of its trendsetting minivan.
The new company, DaimlerChrysler AG, began trading on the Frankfurt and New York stock exchanges the following November. A few months later, according to a 2001 article in The New York Times, its stock price rose to an impressive high of $108.62 per share. The euphoria proved to be short lived, however. While Daimler had been attracted by the profitability of Chrysler’s minivans and Jeeps, over the next few years profits were up and down, and by the fall of 2003 the Chrysler Group had cut some 26,000 jobs and was still losing money.
In 2006, according to the Times, Chrysler posted a loss of $1.5 billion and fell behind Toyota to fourth place in the American car market. This loss came despite the company’s splashy launch of 10 new Chrysler models that year, with plans to unveil eight more. The following May, however, after reportedly negotiating with General Motors about a potential sale, DaimlerChrysler announced it was selling 80.1 percent of Chrysler to the private equity firm Cerberus Capital Management for $7.4 billion. DaimlerChrysler, soon renamed Daimler AG, kept a 19.9 percent stake in the new company, known as Chrysler LLC.
By late 2008, increasingly dismal sales led Chrysler to seek federal funds to the tune of $4 billion to stay afloat. Under pressure from the Obama administration, the company filed for bankruptcy protection in April 2009 and entered into a partnership with the Italian automaker Fiat. In 2014, the two companies became Fiat Chrysler Automobiles.

 

On May 7, 1867, Swedish chemist Alfred Nobel patents dynamite in England, the first of three patents he would receive for the explosive material.

 

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