Why Is Henry Ford Important

Henry Ford was born in 1863, He began his working life at age 16 as an apprentice mechanic. This initial job was in a factory in Detroit in which he was employed as an engineer specializing in lighting company by Edison, he alternated various jobs in Detroit, one of which being a farmer on his family farm. The turning point in his life came in 1893 when he began to give shape to his revolutionary vision of the car, and began developing prototypes of the internal combustion engine. On June 4, 1896, Ford created an astounding milestone in history, with the first driving car prototype. Convinced of his new ideas and the potential of this invention, Ford left Edison’s company and thanks to some financial partners, founded his first company, the
However, Ford was not discouraged and gained fundamental insight which was that the best advertising for the car could be car racing, which was born in those years and amazed the audience. It was an exciting time up to 1901 when Ford personally drove his car in the race, taking victory, and eventually with other partners founded a second company, the Henry Ford Company which didn’t last long and Ford left due to a problem with his financial backing. Ford has suffered from many failures with his first few companies, but Ford learned a fundamental lesson from this, that it is important to have the best product, but it is equally important to have the best means to produce it and sell it. This is the secret that lies at the heart of the incredible success of his next company founded in 1903, the Ford motor company, which still is one of the leading companies in the global automotive
He theorized that increasing of the salaries of employees would boost demand, but naively imagined that it would be sufficient to convince the other employees similar positions to want the same. He did not understand that a circle of growth required a national bargaining for wage increases and therefore the recognition of trade unions, the latter opposed him through an authority which was to remain the undisputed master. So in 1941, After Ford had a fierce struggle, was forced to recognize unions only a few years after the creation of General Motors. The latter, which exceeded Ford in power made Ford realize that the growth of the automotive market required general and continuous progress due to the increase in the purchasing power of the