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Henry Ford Research Paper

1022 Words5 Pages

In 1893, Henry Ford was a promising young engineer at Edison Illuminating company who got promoted to the chief engineer. Ford used the extra money from his promotion to make gasoline engines. Eventually those inventions were introduced to Edison and he encouraged Ford to continue his experiments. Years later, in 1903, Ford teamed up with Alexander Malcomson who helped find investors to startup the Ford Motor Company. Immediately the company took off and ever since 1903 Ford Motor Company has been known all over the world. To get the Ford Motor Company started, Henry Ford had to get investors to invest in Ford. The total amount of investments that Ford received was about $28,000, which is equivalent to about $740,000 today. With the $28,000 Ford …show more content…

After spending the money to start up the Company, the Ford Company was only left with $250.
The first commercial car that Ford produced was the Model A. It had a 26 horsepower motor and could reach speeds up to 30 miles per hour, which was really fast back then. Ford only sold about a thousand of the Model A’s, but the money that they received from all of those cars helped them produce one of the best selling cars ever, the Model-T.
The Model-T was not only one of the best selling car ever, but at the time of when it came out it was also the most commercialized cars the US had ever seen. To market and advertise, Ford built their own newspaper machine so that they could have an advertisement for the the Model-T in every newspaper in the city of Detroit. Also Henry Ford had many connections for local car dealerships so pretty much every car dealership had a large amount of their cars in stock. The advertisement scheme well very well, because after the first two years the investors earned almost 300% more than their investments. Introduced in the fall of 1908, Ford Motor Company's Model T was the right car for a newly developing market.

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