Who or was Henry Ford?

Answer 1

Ford was an inventor. Henry Ford made his first car in 1896 and sold it for $200. He then invested that money, along with $15,000 from a prospective partner and created Ford's Detroit Automobile Company in 1899. He felt that his early cars were too nice, luxurious, expensive, and too much like the cars made by Duryea or Oldsmobile and wanted to make a cheaper car for the common man to afford. His stockholders didn't like this plan and bailed out of his company and it died in 1900. He entered his car in a race and whooped everyone. That gained him publicity and new funding for a new company that built the cheaper cars. In 1903 he started the Ford Motor Company. He made his cars cheap and affordable which gained him a lot of buyers. This revenue allowed him to spend money on and experiment with conveyor belts and assembly lines to increase car production and decrease time. As he made his assembly lines more and more workable, he could lower the cost of the Model T's even more. He stuck with the model T until 1927 when it was no longer selling good because of Chevrolet advancing in technology and improving their cars while the Model T remained the same for so long and never got innovated.