The Beginning Of Modern Day Industry

1698 WordsMar 30, 20167 Pages
The beginning of modern day industry. More than perhaps any single person of the last century, Henry Ford can take responsibility for creating the American consumer ethic and the American middle class. We can thank him or curse him for what he has done, but either way, we have to acknowledge the impact Henry Ford had on our society. When we think about it, we have to acknowledge the impact he has had on each of our individual lives. You might not know that Henry Ford did not start out as a successful producer of automobiles. After building his first car, the Quadricycle, and working to improve his basic design in the prototypes that followed. In 1899 he formed the Detroit Automobile Company, which quickly failed after only a few vehicles were produced. Henry and some of his original investors regrouped and formed the Henry Ford Company which quickly ran into problems as well. Henry Ford was dismissed by his board of directors from the company that carried his name because of his inability to bring a car to production. The company was reorganized as the Cadillac Motor Car Company under the engineering leadership of Henry Leland. In 1903 Henry Ford felt he was ready to market an automobile for the public and the Ford Motor Company was incorporated, this time with a mere $28,000 in cash put up by a new group of investors. That original $28,000 investment was spent down to less than $300 before the company’s first car was sold, but from that time on the company was on its

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