The 1920's and the Automobile Industry In the 1920s, the USA's economy was booming. People felt that they had a right to prosperity and many had aims of owning a nice house and car. Most people in the USA had this state of mind. I believe that the automobile industry was extremely important in the economic boom! In the 1890s cars were only made by skilled blacksmiths, and were very expensive.
In 1908 GM was founded (“Company: History and Heritage”.) and in 1937 Mopar was founded (“Evolution of a trademark”). Today, there are numerous automobile companies in competition and the automobile is the most reliable transportation in America and around the world. The invention of the automobile undoubtedly had one of the biggest impacts on American History. Since then, Motor Companies have made numerous types of vehicles to fit your driving style the best including SUVs, trucks, compact cars, luxurious cars, and sedans etc.
During the 20th century, the automobile changed American society in many ways. Before the automobile, travel took twice as long and people did not see how they could explore the world outside their home. New ideas were created to simplify lives of Americans and industries boomed creating economic prosperity. After the automobile, new positions became available and gave many Americans the opportunity to make a living. Travel was made easier and faster.
By starting the auto industry, he sparked the idea of more travel and even bigger cities because people that lived in rural communities were now able to go to town more than once a month to get supplies. There were many of things that Henry Ford did by making automobiles in America and by inventing the assembly line. He created more jobs by building factories to produce the cheap and affordable Model T. The automobile industry has made a huge impact on the life of everyday Americans. The auto industry didn’t start in America, but in the nineteen twenties Henry Ford produced the first American made car called the Model T. (Automobile Industry) In the twenties going to the grocery store was a once a month thing because usually the closest grocery store was three miles away, that’s a thirty minute trip one way by horse. People did not have that much time to waste (Automobile Industry).
Most early automobile companies were small shops, hundreds of which each produced a few handmade cars, predominately sold to the rich. In America almost all of the producers were assemblers who put together components and parts that were manufactured by separate firms. The assembly technique also lent itself to an advantageous method of financing. It was possible to begin building motor vehicles with minimal investment of capital by buying parts on credit and selling the finished cars for cash; the cash sale from manufacturer to dealer has been integral in the marketing of motor vehicles in the United States ever since. The outstanding contribution of the automotive industry to technological advance was the introduction of full-scale mass production, a process combining precision, consistency, interchangeability, organization, and continuity.
Since the first car was developed in 1885, car makers have been striving to create the car that will outshine over the others. There has never been a car to do it better than the Model T. Practical, reliable, and affordable are adjectives that describe the Model T since it came out in 1908. With little over 20 horsepower and a top speed of 45 miles an hour, this simple car propelled the Ford Motor Company to a level of success that had never been seen before(History, “Model T”). Henry Ford and the Model T revolutionized the car industry, as well as people's lives in the 1920s. The influences from the Model T can be found everywhere from the assembly line, to road development, to the middle class even in today’s world.
Ford introduced assembly line production, which led to more number of cars being produced. It also expanded in a huge scale and became one of the most profitable companies of the world. The key to success was a strategy known as Vertical Integration. Ford eliminated the bottlenecks created by the inconsistency of the suppliers by introducing in-house production. Though Ford has grown by leaps and bounds, it primarily still remains a family owned company with 40 percent of the voting rights still resting with the Ford family.
As time passed by, more and more cars gained different technology. New technology has improved the production of the cars and increased the numbers of customers. The 1920s were an important era of automobiles. Before cars were invented, riding a horse or walking from point A to point B was the only solution. Everything was spread out and you had to travel longer to get where you were going.
Henry Ford George Mancini Social Studies Henry Ford Henry Ford was one of the most famous people in the world. He revolutionized assembly line modes for the automobile, which revolutionized the auto industry for America. He invented the Ford model T car, in 1908, which was his first car he invented. Because of this reason, Ford sold and continues to sell millions of automobiles and became head of a world renowned and innovative auto company. His company didn't really dominate the foreign market, but it made a huge impact in technology and the development of the U.S infrastructure.
Even though, GM common stock decreased by around 15$ from 2011 to 2013, their stock increased back to the top at 40$ in Jan 2014, which means that the company’s new policy solved their weakness and threats, and supported their strengths and opportunities (GM Finance). According to the Company’s information, they had some strength such as huge market share, global presence and well-known brand cars. Firstly, I prefer to mention the market share of GM. Market share is significant objective of business, which shows the percentage of a market. Even though, General Motor’s market share has been dropped by 1.7% in 2012, comparing with previous year, this is still stand at 17.9%, which is large amount (business-standard).