History Of The Automotive Industry And Ford Motor Company
Beginning of paper
The automotive industry started in 1893 when Charles and Frank
Duryea designed and built the first gasoline-engine-propelled motor vehicle.
This invention opened the doors to the automotive industry. During the
next 30 years, many people tried to enter the industry, but only a few were
successful ....
Middle of paper
.... T soon became the most popular car of the time (Chandler
15).
The Great Depression
In October of 1929, America experienced a crash in the stock market
that left the thriving country poor and desperate. With the decline in
both disposable and discrete income, the demand for new automobiles almost
stopped. This huge decrease in demand forced major cutbacks in spending,
factories were closed, employees were laid off, and production was almost
halted. Many of the smaller plants cou ....
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Word count: 1755
Page count: 7 (approximately 250 words per page)
