Henry Ford: Self Made Man, Businessman And A Man Who Impacted All Of America

913 words - 4 pages

Henry Ford: Self-Made Man, Businessman and a Man who Impacted All of America
Henry Ford is one of the richest men in the history of the world in part due to his entirely new approach to car manufacturing. He did not invent the automobile; he instead changed it and innovated on it. Also he marketed it to a brand new untapped market, which created his entire fortune. Henry Ford was a self-made man and businessman who impacted almost every part of American culture.
Henry Ford came from a poor farming family but, he created his fortune and became the ninth richest man in the history of the world when adjusted for inflation. His parents were poor Irish immigrants who came to America during the Irish potato famine during the 1840’s. Born in 1863, and not having any interest in the family farm, Ford left to become an apprentice at a machine shop in Detroit at age sixteen before becoming an engineer with Edison Illuminating Company in 1891. While working for others, Ford would tinker with engines in his garage during his spare time and finally built his first car in 1896 which he sold for $200 so that he could build another. Soon, he was able to create the Ford Motor Company with $150 thousand from private investors in 1903. Five years later, the first Model T came out at a price of $825. In the next 15 years 15,500,000 Model T’s were built and Ford amassed a fortune of what would now be $199 billion when adjusted for inflation. With that money he became the ninth richest man in the world and truly a self-made man.
Henry Ford was also an incredible businessman. From the very beginning, he had three main goals in mind while making automobiles. He thought that they should be lightweight, sturdy enough for the unimproved rural roads, and that the cars should be able to be mass produced. These principles were obvious even from the beginning with his first car which he dubbed the “Quadricycle”. Ford realized that there was a whole new market that cars were not being marketed to. The middle class. He started making his cars as cheaply as possible so that instead of costing $4,200 of the Packard Model 30 from the same time, the Ford Model T originally cost $825. Also, as demand grew, Ford needed workers in his plants. To get the best workers, Ford instituted the five dollar day in 1914. This system allowed workers to earn up to five dollars per eight hour work day. This was more than double the average auto worker wage of $2.34 of the time. Still needing more production, Ford soon instituted the moving assembly...

Find Another Essay On Henry Ford: Self-Made Man, Businessman and a Man who Impacted All of America

Benjamin Franklin: An Inspirational Self-Made Man

1507 words - 6 pages Benjamin Franklin is one of the most influential and famous figures of all time. Ben Franklin if often referred to as the "self-made man," and his philosophies and principles in the Autobiography of Benjamin Franklin, edited by Louis P. Masur, has served as a self-help book for millions around the world. Franklin's Autobiography is a prime example of the American dream, a rag to riches story that has inspired many people to think of themselves

A Self-Taught Man Essay

667 words - 3 pages Walt Whitman is a celebrated poet from the 1800’s, who is known for his writings on nature and his free verse style. He is from humble backgrounds, and “while most other major writers of his time received highly structured classical educations at private institutions, Whitman forged his own rough and informal curriculum of literature, theater, history, geography, music, religion, and archaeology”(Folsom & Kenneth).As a self-taught man, he

Natural and Man Made Disasters

2100 words - 8 pages Both natural and man-made disasters are considered as events that can cause a large amount of losses and correlated with a small probability. It is rational for the population to have insurance against such events because most people are risk adverse: a risk adverse person means that the person will not prefer risk and will try to minimalize it. However, there is only a proportion of the population taking insurance against such events , without

"The Man who was almost a man"

1037 words - 4 pages "The Man Who Was Almost a Man" The Unfolding of his Character Through out each young boy's life, many experiences help him to mature into a young man. In Richard Wright's short story, The Man Who Was Almost a Man, the main character Dave is a seventeen-year-old young man. He wants to be thought of as man. Instead, people in the town and his parents still treat him like he is a boy. Dave believes that if he owns a gun, people will treat him like

“The Man Who Almost a Man”

738 words - 3 pages “The Man Who Almost a Man” by Richard Wright, it is written in 1963. This story is about a 17 years old boy, Dave. Dave thinks that owning a gun can make him be a man. He tries to get a gun from Joe’s store. Joe sells a gun to Dave for two dollars, after that he backs home and lies to his mother for money to buy the gun. After Dave got the gun, he brings his gun to work next day, and he accidently kills his boss, Jim Hawkins, mule with the gun

The Man who Changed it All

793 words - 4 pages The Man who Changed it All “In October, of 1945, Branch Ricky, then president of the Brooklyn Dodgers, singed Robinson to play for the Montreal Royals, a Brooklyn farm club in the international league. Despite several incidents in spring training in the south and many inconveniences during the season, Robinson,- the first African American ballplayer in that league- excelled as a second baseman and won the league batting crown (Jackie Robinson

A man for all season

1123 words - 4 pages amongst those who know him are carefully censored. More assumes the title of A Man for All Seasons with his uncanny ability to take hold of the worst of situations using his greatest of personality traits; courage, cautiousness, seriousness, humor, and humanness. These traits are what create the content of Sir Thomas More's character. He truly portrays a man free from the injustice and tyranny which surrounds him. Instead, he follows the hand which

A man for all seasons

908 words - 4 pages In the beginning of A Man for All Seasons, Sir Thomas More is introduced as a profoundly religious man focused on adhering to the laws of his country and faith. As the play progresses the audience sees More putting further faith into his belief that by abiding to the present laws and withholding his opinion about King Henry VIII’s divorce he will be protected from prosecution. The issue starts when the King wishes to divorce his brother’s wife

A Man for All Seasons

1784 words - 8 pages had]-which [included] the respect of [his] country-for a theory (Pope is the “Vicar of God” and their “only link with Christ”)”. More then justified his decision by stating that all that mattered to him was whether he himself believed the theory or not. After Norfolk left, Will Roper told More that the decision he had made was “a noble gesture”. However, More did not feel the same way as Roper. He merely gave up his position as he “was not able

A man for all seasons

1028 words - 5 pages ‘A Man for All Seasons’ is a play written by Robert Bolt, previously for BBC Radio in 1954 before revising it on stage. It was premiered on the 1st of July 1960 at the Global Theatre in London. The story begins when Sir Thomas More, a scholar and a statesman, advises Richard Rich to be a teacher instead of striving to be affluent but he fails. He then gives Rich an Italian cup that was given to him by a lady he reviewed. It was given as a bribe

Shakespear's 'Henry V'- "An exploration of how Shakespere presents Henry as a king and as a man."

1158 words - 5 pages , there was a very particular idea of what it meant to be a king. In simple terms, the man who could cope with all the demands laid upon him by public office.For Shakespeare and his audience, it would be Henry IV that portrayed all the necessary qualities to be a king and seemed to avoid all the weaknesses of temperament. He was not, however, the ideal king, as his power was crippled by the fact that he had usurped the throne and lived under threat

Similar Essays

Abraham Lincoln: A Self Made Man Essay

2405 words - 10 pages ambition to learn, to his rather bland and uninteresting origins, Lincoln was without a doubt a self-made man. From the moment of his assassination to the present, Lincoln has left an impactful legacy highlighting his notably unadulterated qualities that provides an exemplar American character for all to admire. Abraham proved his humble, unadulterated characters through his modest comment to John Scripps, an author who had been planning on writing a

Henry Ford, A Profiteer Or Good Man? The Title Of This Biography Is Henry Ford's Life

791 words - 3 pages helped him cut costs of his products, while increasing wages so that his employees were the highest paid in the industry. Henry Ford wanted his workers to be well paid so that they wouldn't strike against him. That was smart move on Ford's part. He even cut the workday to only eight days, which made his workers happy. People from all over the country tried to get a job at the Ford Motor company.By 1918, half of all vehicles in America were in fact

Peter Shaffer: A Man Who Greatly Impacted Theatre

936 words - 4 pages play was based off a true story he read about and thought was not truly dealt with by society, which is what made it even more scandalous because it was a real issued that has occurred and was quickly shut away to avoid a battle in society over it, this however did not stop Shaffer who wrote about it anyway; wanting to cause drama. This plot line of the play is about young boy with a horse fascination and the trial that proceeded when he blinds

Truman Capote And The Man Who Made Him Famous

3521 words - 14 pages from an exceedingly dysfunctional family to say the least. He had an alcoholic for a mother, a father who rejected him, who later on took him on a fantasy quest for gold until they almost starved to death, and both a brother and a sister who committed suicide. Smith developed feelings of distrust, insecurity, and lack of self-worth at a very young age. Capote documents Smith's lack of loving relationships and his sorrow by the statement, "Jimmy