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How Did The Automobile Affect The Economy

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How Did The Automobile Affect The Economy
Over the years automobiles have changed and impacted the US.

“How can I show the history and mechanics of the US automobile to explain the growth and success of the US economy?” The first automobile companies in the US sparked the nation’s want for luxurious, fast, and reliable vehicles. In the early 1900’s Henry Ford begin the first to mass produce his vehicles. Which would later lead on to a multi billion dollar company.

Henry Ford was the first to mass produce the gasoline automobile in the US . In 1903, Ford had trademarked his company “Ford”. While the first car was patented in Germany, Americans had mastered the mechanics and technology of the automobile. Charles Duryea of springfield, massachusetts had designed the first gasoline
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This car was built from 1908 to 1927, It became one of the greatest things to exist at it’s time. The T was durable, versatile, practical, and best of all affordable. This car was the cheapest automobile you could get for under 900 dollars brand new off the lot and later lowered to $325 in 1925 (History.com Staff. (2010)). Horace and John Dodge had made all of the model T’s parts besides the tires and body. The Model T was only produced in the color black. The Dodge brothers had helped Ford produce his company further after Ford had gone bankrupt with his last 2 companies. Henry Ford’s previous company that he left is now known today as Cadillac and owned by GM. GM or General Motors was founded by William Durrant, September 16th , 1908. Durant had spent $2000 licensing his company in new jersey (Automobile In American Life and Society). William had hated cars at the time, he thought they were noisy, smelly, and dangerous. By the 1960’s GM had sold more than half the cars ever sold in the USA. The stock market crash had affected the automobile industry in a bad way. In 2009 Chrysler and GM filed for bankruptcy, This is the year that chrysler had been bought out by Fiat and now the company's name is Chrysler Fiat LLC. On the other hand General Motors did not do so bad and came back from the crash by cancelling 3 of their best selling brands Pontiac, Hummer, and

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