Automotive industry mogul Henry Ford provides a striking
example of the unequal distribution of wealth between the rich and the middle-class. Henry Ford reported
a personal income of $14 million(end note 4) in the same year that the average personal income was
$750(end note 5). By present day standards, where the average yearly income in the U... displayed 300 characters
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By present day standards, where the average yearly income in the U.S. is around
$18,500(end note 6), Mr. Ford would be earning over $345 million a yea!
r! This maldistribution of income between the rich and the middle class grew throughout the 1920's. While
the disposable income per capita rose 9% from 1920 to 1929, those with income within the top 1% enjoyed a
stupendous 75% increase in per capita disposable income(end note 7)... displayed next 300 characters
That same top 0.1% of Americans in 1929 controlled 34% of all savings, while 80% of Americans had no savings at all3. Automotive industry mogul Henry Ford provides a striking example of the unequal distribution of wealth between the rich and the middle-class...
-Competition is intense in this industry despite the growth the industry is currently seeing.
-High Intensity of competition in Storage Costs, Similarity of players, hard to exit industry, and easy to expand...
Beginning in 1903, the company began using the first 19 letters of the alphabet to name new cars. In 1908, the Model T was born. 19 years and 15 million Model T's later, Ford Motor Company was a giant industrial complex that spanned the globe...
Racing has paved the way for many of the advancements in automotive
technology used in everyday production vehicles. Since the beginning of the auto
industry gearheads and engineers alike have strived to get the most out of their vehicles
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