How did the automobile affect the economy?

Answer 1

The automobile industry changed the US's landscape because there was more roads being constructed, gas stations were being built and also tourist destinations, motels, shopping centers sprung up all over America. It also liberated the isolated rural families because now it was easier to travel to faraway places and it also allowed workers to live miles away from their work. There was an urban sprawl in cities all over the country.

Answer 2

It would be impossible to list all of the specific effects of automotive production in our economy, but these are especially significant. In 1916, the marketing of automobiles stimulated a great expansion in the use of "credit." Installment buying existed before the automobile but only for a limited range of products. Manufacturers of medium-priced cars allowed customers to pay in several payments to help jostle the competition of the low-priced Model T. Installments became a universal practice in all countries in the purchase of automobiles, and it accustomed people to buying other durable consumer goods in the same way.

Answer 3

The highways built for autos made possible suburbia.