Ford Company Outline

254 Words2 Pages
Of all the events listed on the timeline on page 526 the formation of the Ford Motor Company was the most interesting, or important event. According to the book there were only four cars out in 1895 (507). In 1903 the Ford Motor Company was formed. Henry Ford and a few other associates formed the Ford Motor Company. Also, in 1903 the first Ford car was sold by Ford. Back in the 1903 the price for cars was really high so, the first car sold from Ford was very expensive and the prices kept rising after that. When the prices were high like they were the sales began to decline, so the prices were lowered in 1907 and this caused sales to start to rise again. The book states, “Ford learned an important lesson of the modern economy: A smaller unit