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Word Count: 396
Up until he was 40 years old Henry Ford had been acquiring valuable knowledge about business engines management and most importantly cars In 1903 he created the Ford Motor Company Along with other investors such as John and Horace Dodge he raised 28000 and produced 1700 Model A cars in the first 15 months Over the next 5 years Ford and his engineers produced models with the letter B through S the most successful of these was the Model N priced at 500 and the least successful was the Model K priced at 2500 After the Model N it became obvious that the companys success lay in inexpensive cars for a mass market In 1908 Ford introduced the Model T a small four-cylinder car with an attractive design and a top speed of 45mph Its success came from its low price at 850 and more than 10000 were sold in the first year alone Along with the Ford companys success came expansion and in 1910 a new assembly plant was established in Highland Park Michigan In 1913 the demand for the Model T increased greatly and Ford introduced the assembly line which changed our economy forever By the end of the year ford had established plants in Canada Europe Australia South America and Japan At this point the Ford Motor Company was the largest manufacturer of cars in the world In 1918 Henry Ford unsuccessfully ran for senate and one year later he named his son Edsel Ford the president of the Ford Motor Company As the popularity shifted from the Model T to larger more luxurious cars production of the Model T was stopped and six months later the Model A was introduced It featured such improvements as hydraulic shock absorbers automatic windshield wipers a gas guage and a speedometer About 5 million of these were sold compared to the Model T selling 15 million By 1937 Ford was the only major car manufacturer
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