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2021 ford escape msrp. Nowadays we look at cars as something we see millions of on the road. During the 1920s about 1 billion a year was spent on the construction of a. Henry ford was born on july 30 1863 in greenfield township michigan.
One of the new manufacturing businesses was the invention of henry fords model t compact car. Henry ford dreamed of making an inexpensive car that almost anyone could afford to buy. A new ford model t cost less than 300 in the mid 1920s.
During the 1920s the american economy was full of fast changing development. He came up with the idea of using the assembly line so that the automobiles could be made faster and so that he could sell them for lower pirces. His parents were farmers.
One of the most obvious signs of prosperity in the 1920s was the growth of the automobile industry. On december 1 1913 henry ford installs the first moving assembly line for the mass production of an entire automobile. Lots and lots of new job oppurtunities opened up due to the manufacturing business nearly doubling.
The ford motor company was incorporated this time with a mere 28000 in cash put up by ordinary citizens for ford had in his previous dealings with backers antagonized the. His mother died when he was 13 years old. He didnt like working on the farm.
Ford decided to apply to car manufacturing a method of mass production that was being used in some industries. His innovation reduced the time it took to build a car from more than 12.
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