This is a short summary of the paper
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History Of The Automotive Industry And Ford Motor Company
Start of Term 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 trie .... Middle of Term Paper
... The lower costs and faster
delivery meant a lower price, and the average family could afford and get
one. Ford's Model 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 couldn't afford to stay in busine ... |
| Number of Words: 1755 |
Approximate Pages: 7 |
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