Max Auschnitt, also known as Auschnit or Auşnit (February 14, 1888–1959), was a Romania

Romania

Romania is a country located at the crossroads of Central and Southeastern Europe, on the Lower Danube, within and outside the Carpathian arch, bordering on the Black Sea...

n industrialist and rival of Nicolae Malaxa

Nicolae Malaxa

-Biography:Born in a family of Greek origins in Huşi, Malaxa studied engineering in Iaşi and Karlsruhe...

, who played an important role before World War II

World War II

World War II, or the Second World War , was a global conflict lasting from 1939 to 1945, involving most of the world's nations—including all of the great powers—eventually forming two opposing military alliances: the Allies and the Axis...

. Together with Aristide Blank and Malaxa, he was one of the major businessmen present in King

King of Romania

King of the Romanians , rather than King of Romania , was the official title of the ruler of the Kingdom of Romania from 1881 until 1947, when Romania was proclaimed a republic....

 Carol II

Carol II of Romania

Carol II reigned as King of Romania from 8 June 1930 until 6 September 1940. Eldest son of Ferdinand, King of Romania, and his wife, Queen Marie, a daughter of Prince Alfred, Duke of Edinburgh, the second eldest son of Queen Victoria...

's camarilla

Camarilla (history)

A camarilla is a group of courtiers or favourites who surround a king or ruler. Usually, they do not hold any office or have any official authority but influence their ruler behind the scenes. Consequently, they also escape having to bear responsibility for the effects of their advice...

. He was managing director of the Iron Domains and Factory (UDR) of Reşiţa

Resita

' is a city in western Romania and the capital of Caraş-Severin County, in the Banat region. Its 2004 population was 83,985.- Etymology :The name of Reşiţa, might comes from the Latin recitia, meaning "cold spring", as the great historian Nicolae Iorga once suggested, presuming that the Romans...

, the largest stock company that existed in Romania before the establishment of the communist regime

Communist Romania

Communist Romania was the period in Romanian history when that country was a Soviet-aligned communist state in the Eastern Bloc, with the dominant role of Romanian Communist Party enshrined in its successive constitutions...

.

Born in Galaţi

Galati

Galați is a city and municipality in Romania, the capital of Galați County. Located in the historical region of Moldavia, in the close vicinity of Brăila, Galați is the largest port and sea port on the Danube River and the second largest Romanian port....

 city to Jewish Romanian

History of the Jews in Romania

The history of Jews in Romania concerns the Jews of Romania and of Romanian origins, from their first mention on what is nowadays Romanian territory....

 parents, he graduated from the Academy for Advanced Studies in Vienna

Vienna

Vienna is the capital and largest city of the Republic of Austria and one of the nine states of Austria. Vienna is Austria's primary city, with a population of about 1.723 million , and is by far the largest city in Austria, as well as its cultural, economic, and political centre...

. He was president of the General Association of Industry of Banat

Banat

The Banat is a geographical and historical region in Central Europe currently divided between three countries: the eastern part lies in western Romania , the western part in northeastern Serbia , and a small...

, Vice General of the Union of Industrialists of Romania and Senator at the Chamber of Commerce and Industry of Galaţi.

Auschnitt managed UDR successfully, leading it to become the Romanian firm with the largest capital (1 billion lei

Romanian leu

The leu is the currency of Romania. It is subdivided into 100 bani . The name of the currency means "lion". On 1 July 2005, Romania underwent a currency reform, switching from the previous leu to a new leu . 1 RON is equal to 10,000 ROL...

), the highest turnover and the most employees (16,669 in 1938, and 22,892 in 1948). Together with his brother Edgar, he owned the Titan-Nădrag-Călan chain, which had over 4,900 employees in 1938. He was among the managers of various foreign companies in Vienna or Munich

Munich

Munich The city's motto is "" . Before 2006, it was "Weltstadt mit Herz" . Its native name, , is derived from the Old High German Munichen, meaning "by the monks' place". The city's name derives from the monks of the Benedictine order who founded the city; hence the monk depicted on the city's coat...

, as well as of Romanian-based companies such as the Romanian Telephone Society and the Chrissoveloni Bank. He left Romania during the World War II, eventually retreating into the United States

United States

The United States of America is a federal constitutional republic comprising fifty states and a federal district...

, where he died. All his property was confiscated by the wartime antisemitic and fascist

Fascism

Fascism is a radical authoritarian nationalist political ideology. Fascists seek to rejuvenate their nation based on commitment to the national community as an organic entity, in which individuals are bound together in national identity by suprapersonal connections of ancestry, culture, and blood...

 regimes, and later nationalized

Nationalization in Romania

The nationalization of the means of production was a measure taken by Romania’s new Communist authorities in order to lay the foundation of socialism. The act that allowed this measure to take place was Law 119, adopted by the Great National Assembly on June 11, 1948...

by the communist regime.