Ford Motor Company was founded in 1903 by Henry Ford and 11 of his associate investors. In 1919 they rebranded to Ford, and his wife and son got full ownership of the company. Ford manufactures passenger cars and trucks as well as car parts and accessories. Ford's headquarters are located in Dearborn, Michigan. The early years of Ford Motor Company created the foundation for easy, and affordable access to transportation. Because of Henry Ford, the Model T and the assembly line have helped revolutionize American society, and shape the world we live in today. In 1908, the very successful Model T was introduced, and over 15 million were sold. It was the first mass-produced car that was affordable enough for a wide audience. In 1909 a new Model …show more content…
Ford built his first "experimental car" in a workshop in the backyard of his home in Detroit in 1896. After the creation of Ford, the first Ford car, Model A, was assembled at the Mack Avenue plant in July 1903. In 1908, the very successful Model T was introduced. Demand for this car was so great that Ford developed new Mass Production methods to manufacture it in sufficient quantities. In 1911 Ford established the industries first U.S. branch assembly plant in Kansas City Missouri. He also opened the company's first overseas production plant in Manchester, England. In 1913 he introduced the world's first moving assembly line for cars; and one year later to further improve labor productivity, he introduced the $5 daily wage for an eight hour day (replacing $2.34 for a nine hour day). The fast production of the assembly line allowed the price of the model T touring car version to be lowered from $850 in 1908 to less than $300 in 1925 (Works Cited "Ford Motor Company." Britannica School, Encyclopædia Britannica,8 Sep. 2021. school.eb.com/levels/high/article/Ford-Motor-Company/34848. Accessed 19 Jan. …show more content…
The Ford Foundation is a Non Profit Organization. During its early years, the foundation operated in Michigan under the leadership of Ford family members. Since the founding charter stated that resources should be used for “scientific, educational and charitable purposes, all for the public welfare,” the foundation made grants to many kinds of organizations. In 2014 the Ford Foundation was estimated to be worth around 12.51 billion dollars (https://www.thehenryford.org/collections-and-research/digital-collections/artifact/100456/ https://www.worldbookonline.com/wbtimelines/viewtimelines?source=WB&timelineId=52fc5f5a7fa57cac1bf1b6ca# ). In Ford's luxury car brand they made big changes. The First Mercury car was created in 1939 with a V8 engine; designed by Edsel Ford the car had a very stylish exterior with a sleek interior. The Mercury Brand was created to bridge the price gap between Ford and Lincoln cars