The Warburgs

heir status then felt absolved of any need for further political action. The cross-country journeys helped to radicalize Ingrid.

Besides putting Max on HAPAG’s board, Ballin requested that he sit on the board of Blohm & Voss, the top shipbuilder in Germany. Ballin feared that a financially troubled shipyard could weaken his company and he asked Max to advise them. Through such maneuvers, Max became a central factor in the rapidly expanding world of German shipping and trade. By the 1920s, he and his partners held seats on eighty or ninety company boards,