Radios became one of the genuine boom industries of the 1930s, stimulating not only electronics production, but also the manufacture of Bakelite and wood cases. By 1935 the radio industry was showing all the symptoms of a speculative bubble. Production had outrun demand, inventories had risen to unhealthy levels and three of the smaller producers, including Seibt, whose chief designer had been responsible for the Volksempfaenger, went into liquidation.
