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City Overview
The fifth biggest city in Germany, Frankfurt on Main (Frankfurt am Main) has gained enormous economic power – both within Germany and abroad – thanks to its position as a key transport hub and its status as a major venue for international trade fairs and other business events. Located in the middle of the highly productive Rhine-Main region in Germany, right at the centre of Europe, the city is the financial heart not only of Germany but also of the European Union, pumping Euros into the world economy.
A settlement since at least 3000BC, Frankfurt’s long and successful history of commerce stemmed initially from its central geographical location on the Main River but also from the Frankfurt Messe (fair). The Messe has been going since the 12th century – it is mentioned in a Jewish manuscript dating from 1160 – and the city received its official Imperial privilege to hold an annual trade fair in 1240. The city got its current name around AD500, when the Franks ruled the area and the settlement along the Main Fort transportation route became known as ‘Franconovurd’.
Frankfurt’s substantial political and cultural prestige is based on a fortunate history of decisive events. In 855, it became the election city for future monarchs. From 1562, the coronations of German emperors were held in the city’s Cathedral of St Bartholomew. The Frankfurt Brse (Stock Exchange) began trading in 1585, moving to Brsenplatz, its current home, in 1879. In 1815, Frankfurt was declared a free city and part of the German Union, with the Budestag, the Union’s highest committee, located here. Frankfurt University, which took the name of the city’s most famous son, Johann Wolfgang Goethe, in 1932, opened in 1914, just before the war that would forever change the face of Germany and indeed all of Europe.
If Frankfurt’s political aspirations were dashed by the choice of Bonn as capital of the Federal Republic in 1949, the city has directed its post-war energies all the more wholeheartedly into its uncontested financial role. The modern skyscrapers of banks and corporations in the central business district are potent symbols of Frankfurt’s economic strength and create a skyline that is more North American than European. ‘Bankfurt’ or ‘Mainhatten’ is home to some of the tallest buildings in Europe, including the 300m (984ft) Commerzbank tower, the tallest office block in Europe. These modern behemoths have replaced parts of the old city that were destroyed by Allied bombers at the end of World War II. However, examples of pre-war Frankfurt can still be experienced in the reconstructed buildings on the Rmerberg, including the cathedral and the Rmer – Frankfurt’s city hall since 1405.
Trade has given the city a cosmopolitan, multicultural flair – 45% of the 2.35 million annual visitors to Frankfurt are foreign and 27.6% of the 650,000-strong population are non-German, representing some 169 countries and a variety of religions. Until the Holocaust in the Nazi era, a large and dynamic Jewish community contributed to the city’s success.
With the second busiest airport in Europe (after Heathrow) and a vital junction on the national road and rail network, Frankfurt is a focal point of international transportation and communication. Not only is the city home to the European Central Bank and many other banks but it also commands 6500 industry-related companies and oversees a burgeoning biotechnology industry, as home to the world’s largest chemistry technology trade fair, ACHEMA. The city also accommodates the moguls of the German publishing industry, as well as a number of companies involved in public relations, marketing, media and telecommunications. As Arthur Schopenhauer (1788-1860) commented in 1843, ‘here, you see and hear what is going on in the world.’
Most of Frankfurt’s visitors come for one of the numerous trade fairs, exhibitions and congresses. Among the largest on the international circuit are the International Book Fair (Buchmesse Frankfurt) and ACHEMA (chemical engineering, environmental protection and biotechnology). But Frankfurt – to the surprise of many – has got another side to reveal to its focused business visitors. As the birthplace of Germany’s most revered writer, Johann Wolfgang von Goethe (1749-1832), the city is at pains to impress with its cultural pedigree. Excellent museums, high-calibre performance groups and local festivals should entice the discerning guest away from the boardroom and the exhibition hall.
The city’s climate is generally mild and well balanced with warm, occasionally wet, days in summer, when temperatures sometimes reach 30C (90F), and chilly winter days, when temperatures range between - 10C (14F) and 10C (40F).
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City Overview