Red Ford truck
Henry Ford, with eleven other investors and $28,000 in capital, incorporated the Ford Motor Company in 1903. In a newly-designed car, Ford drove an exhibition in which the car covered the distance of a mile on the ice of Lake St. Clair in seconds, which was a new land speed record. Convinced by this success, the famous race driver Barney Oldfield, who named this new Ford model "999" in honor of a racing locomotive of the day, took the car around the country and thereby made the Ford brand known throughout the United States. Henry Ford was also one of the early backers of the Indianapolis 500. Henry Ford shocked his fellow capitalists by more than doubling the daily wage of most of his workers in 1914, eleven years after he established his first automobile factory. He knew what he was doing. The buying power of his workers was increased, and their raised consumption stimulated buying elsewhere. Ford called it 'wage motive.' The company's use of vertical integration and other business tactics also contributed to its success.
Size: 3498px × 5256px
Photo credit: © Piotr & Irena Kolasa / Alamy / Afripics
License: Licensed
Model Released: No
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