0_Wizard
Hi, I really do like the Ford Company, it has a such interesting history, founded in 1903 by Henry Ford
Ford Motor Company
chosen_topic_0_Ford_Motor_Company
History of Ford Motor Company
Ford Motor Company is an American automaker and the world's fifth largest automaker based on worldwide vehicle sales. Based in Dearborn, Michigan, a suburb of Detroit, the automaker was founded by Henry Ford, on June 16, 1903. Ford Motor Company would go on to become one of the largest and most profitable companies in the world, as well as being one of the few to survive the Great Depression. The largest family-controlled company in the world, the Ford Motor Company has been in continuous family control for over 110 years. Ford now encompasses two brands: Ford and Lincoln. Ford once owned 5 other luxury brands: Volvo, Land Rover, Jaguar, Aston Martin and Mercury.
Henry Ford
Henry Ford (July 30, 1863 – April 7, 1947) was an American captain of industry and a business magnate, the founder of the Ford Motor Company, and the sponsor of the development of the assembly line technique of mass production. Although Ford did not invent the automobile or the assembly line, he developed and manufactured the first automobile that many middle-class Americans could afford. In doing so, Ford converted the automobile from an expensive curiosity into a practical conveyance that would profoundly impact the landscape of the 20th century. His introduction of the Model T automobile revolutionized transportation and American industry.
Ford Motor Company
The Ford Motor Company (commonly referred to simply as "Ford") is an American multinational automaker headquartered in Dearborn, Michigan, a suburb of Detroit. It was founded by Henry Ford and incorporated on June 16, 1903. The company sells automobiles and commercial vehicles under the Ford brand and most luxury cars under the Lincoln brand. Ford also owns Brazilian SUV manufacturer, Troller, and Australian performance car manufacturer FPV. In the past, it has also produced tractors and automotive components. Ford owns an 8% stake in Aston Martin of the United Kingdom, and a 49% stake in Jiangling of China.
Henry Ford Hospital
Henry Ford Hospital (HFH) is an 877-bed tertiary care hospital, education and research complex at the western edge of the New Center area in Detroit, Michigan. The flagship facility for the Henry Ford Health System, it is one of the first hospitals in the United States to use a standard fee schedule and favor private or semi-private rooms over large wards. It also is the first hospital in the country to form a closed, salaried medical staff. As founder Henry Ford viewed tobacco as being unhealthy, the hospital was one of the first hospitals in the United States to institute a total ban on smoking.
Economy car
An economy car is an automobile that is designed for low-cost purchase and operation. Typical economy cars are small (compact or subcompact), lightweight, and inexpensive to buy. Economy car designers are forced by stringent design constraints to be inventive. Many innovations in automobile design were originally developed for economy cars, such as the Ford Model T and the Austin Mini. Gordon Murray, the Formula 1 and Mclaren F1 designer, said when designing his new Murray T.25 city car: "I would say that building a car to sell for six thousand pounds and designing that for a high-volume production, where you have all the quality issues under control, is a hundred times more difficult than designing a Mclaren F1, or even a racing car.
Fordson
Fordson was a brand name of tractors and trucks. It was used on a range of mass-produced general-purpose tractors manufactured by Henry Ford & Son Inc from 1917 to 1920, by Ford Motor Company (U.S.) and Ford Motor Company Ltd (U.K.) from 1920 to 1928, and by Ford Motor Company Ltd (U.K.) from 1929 to 1964. They later also built trucks under the Fordson brand. American engineer, inventor, and businessman Henry Ford built experimental tractors from automobile components during the early 20th century, and launched a prototype known as the Model B in August 1915. Further prototypes, with a dedicated tractor design, followed in 1916.
Henry Ford Company
The Henry Ford Company was the second company for Henry Ford, founded November, 1901. It resulted from the reorganization of the Detroit Automobile Company, his first unsuccessful attempt at automobile manufacture a year before. In March 1902, Ford left the company following a dispute with his financial backers, William Murphy and Lemuel Bowen, as Ford was devoting considerable time to the sport of auto racing and his Ford 999 race car. In a final settlement, Ford left with his name and US $900; he went on to start the Ford Motor Company in 1903 at the Ford Mack Avenue Plant. In August 1902, Henry M. Leland was brought in by the investors to appraise the plant and equipment prior to selling them.
Cadillac
Cadillac , formally the Cadillac Motor Car Division, is a division of the U.S.-based General Motors (GM) that markets luxury vehicles worldwide. Its primary markets are the United States, Canada, and China, but Cadillac-branded vehicles are distributed in 34 additional markets worldwide. Historically, Cadillac automobiles have always held a place at the top of the luxury field within the United States. In 2017, Cadillac's U.S. sales were 156,440 vehicles and its global sales were 356,467 vehicles. Cadillac is among the oldest automobile brands in the world, second in America only to fellow GM marque Buick.
Lincoln Motor Company
The Lincoln Motor Company (also known simply as Lincoln) is a division of the Ford Motor Company that sells luxury vehicles under the Lincoln brand. Founded in 1917 by Henry M. Leland, Lincoln became a subsidiary of Ford in 1922, but is now a division of Ford. While currently sold primarily in North America, Ford introduced the Lincoln brand to China in 2014. Lincoln vehicles are also officially sold in the Middle East and South Korea. The current Lincoln model range in North America consists of two sedans (Continental and MKZ), three crossover utility vehicles (MKC, MKT, and MKX), and a sport utility vehicle (Navigator/Navigator L).
Willow Run
Willow Run was a manufacturing complex located between Ypsilanti and Belleville, Michigan constructed by the Ford Motor Company for the mass production of aircraft, especially the B-24 Liberator heavy bomber. Construction of the Willow Run Bomber Plant began in 1940 and was completed in 1942. The plant began production in summer 1941; the dedication plaque is dated June 16. The plant initially built components; Douglas Aircraft and the plane's designer Consolidated Aircraft assembled the finished aircraft. Remote assembly proved problematic, and by October 1941 Ford received permission to produce complete Liberators.
1_Apprentice
I do too...he was the first one to advocate for higher salaries for workers.
0_Wizard
And it was a well manged company, I can't imagine how tough it would have been to survive the great depression.
Ford Motor Company would go on to become one of the largest and most profitable companies in the world, as well as being one of the few to survive the Great Depression.
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History of Ford Motor Company
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Great Depression
The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, originating in the United States. The timing of the Great Depression varied across nations; in most countries it started in 1929 and lasted until 1941. It was the longest, deepest, and most widespread depression of the 20th century. In the 21st century, the Great Depression is commonly used as an example of how far the world's economy can decline. The depression started in the United States after a major fall in stock prices that began around September 4, 1929, and became worldwide news with the stock market crash of October 29, 1929 (known as Black Tuesday).
Causes of the Great Depression
The causes of the Great Depression in the early 20th century have been extensively discussed by economists and remain a matter of active debate. They are part of the larger debate about economic crises. The specific economic events that took place during the Great Depression are well established. There was an initial stock market crash that triggered a "panic sell-off" of assets. This was followed by a deflation in asset and commodity prices, dramatic drops in demand and credit, and disruption of trade, ultimately resulting in widespread unemployment (over 13 million people were unemployed by 1932) and impoverishment.
New Deal
The New Deal was a series of federal programs, public work projects, financial reforms and regulations enacted in the United States during the 1930s in response to the Great Depression. Some of these federal programs included the Civilian Conservation Corps (CCC), the Civil Works Administration (CWA), the Farm Security Administration (FSA), the National Industrial Recovery Act of 1933 (NIRA) and the Social Security Administration (SSA). These programs included support for farmers, the unemployed, youth and the elderly as well as new constraints and safeguards on the banking industry and changes to the monetary system.
Comparisons between the Great Recession and the Great Depression
Comparisons between the Great Recession and the Great Depression explores the experiences in the United States and the United Kingdom. On April 17, 2009, head of the IMF Dominique Strauss-Kahn said that there was a chance that certain countries may not implement the proper policies to avoid feedback mechanisms that could eventually turn the recession into a depression. "The free-fall in the global economy may be starting to abate, with a recovery emerging in 2010, but this depends crucially on the right policies being adopted today." The IMF pointed out that unlike the Great Depression, this recession was synchronized by global integration of markets.
Great Depression in the United States
The Great Depression began in August 1929, when the United States economy first went into an economic recession. Although the country spent two months with declining GDP, it was not until the Wall Street Crash in October 1929 that the effects of a declining economy were felt, and a major worldwide economic downturn ensued. The market crash marked the beginning of a decade of high unemployment, poverty, low profits, deflation, plunging farm incomes, and lost opportunities for economic growth and personal advancement. Although its causes are still uncertain and controversial, the net effect was a sudden and general loss of confidence in the economic future.
Singareni Thermal Power Plant
The Singareni Thermal Power Plant (STPP) is a coal-fired power station in Pegadapalli, a village in Telangana, India. The power plant has an installed capacity of 1200 MW, consisting of two 600 MW units, and is operated by the Singareni Collieries Company. Singareni Collieries Company (SCCL), a government-owned coal mining company, was established in 1920 under the Hyderabad Companies Act. The company is jointly owned by the Telangana government (51%) and the Union Government (49%). It was named after the village of Singareni in the Bhadradri Kothagudem district of Telangana State. In the year 1871, the state's first coal reserves were discovered in Singareni village near Yellandu by Dr.William King of the geological Survey of India during the British era.
Pre-Code Hollywood
Pre-Code Hollywood refers to the brief era in the American film industry between the widespread adoption of sound in pictures in 1929 and the enforcement of the Motion Picture Production Code censorship guidelines, popularly known as the "Hays Code", in mid-1934. Although the Code was adopted in 1930, oversight was poor and it did not become rigorously enforced until July 1, 1934, with the establishment of the Production Code Administration (PCA). Before that date, movie content was restricted more by local laws, negotiations between the Studio Relations Committee (SRC) and the major studios, and popular opinion, than strict adherence to the Hays Code, which was often ignored by Hollywood filmmakers.
Great Depression in Canada
Canada was hit hard by the Great Depression. The worldwide depression that started in the United States in late 1929 quickly reached Canada. Between 1929 and 1939, the gross domestic product dropped 40% (compared to 37% in the US). Unemployment reached 27% at the depth of the Depression in 1933. Many companies closed, as corporate profits of $398 million in 1929 turned into losses of $98 million as prices fell. Farmers in the Prairies were hit especially hard by the collapse of wheat prices. Despite the emergence of numerous radical parties, the government was run by the major parties. The Depression ended in 1939 as World War II began.
Depression (economics)
In economics, a depression is a sustained, long-term downturn in economic activity in one or more economies. It is a more severe economic downturn than a recession, which is a slowdown in economic activity over the course of a normal business cycle. A depression is an unusual and extreme form of recession. Depressions are characterized by their length, by abnormally large increases in unemployment, falls in the availability of credit (often due to some form of banking or financial crisis), shrinking output as buyers dry up and suppliers cut back on production and investment, large number of bankruptcies including sovereign debt defaults, significantly reduced amounts of trade and commerce (especially international trade), as well as highly volatile relative currency value fluctuations (often due to currency devaluations).
History of Australia
The history of Australia refers to the history of the area and people of the Commonwealth of Australia and its preceding Indigenous and colonial societies. Aboriginal Australians arrived on the Australian mainland by sea from Maritime Southeast Asia between 40,000 and 70,000 years ago. The artistic, musical and spiritual traditions they established are among the longest surviving such traditions in human history. The first known landing in Australia by Europeans was by Dutch navigator Willem Janszoon in 1606. Twenty-nine other Dutch navigators explored the western and southern coasts in the 17th century, and dubbed the continent New Holland.