Henry Ford: Entrepreneur

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by rastiveri
Last updated 5 years ago

Discipline:
Social Studies
Subject:
American History
Grade:
10

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Henry Ford: Entrepreneur

Henry Ford:EntreprenuerBy: Bella Stiver

Henry Ford was born in 1863, in Dearborn, Michigan. At 16 years old, he left home and started working as an apprentice machinist. He married his wife Clara Bryant in 1888. In 1891, he began working at Edison Illuminating Company, soon becoming the chief engineer there. Ford spent his free time trying to build a gasoline powered automobile. He completed his first gasoline powered automobile in 1896, which he called the "Quadricycle."

Early Life

Henry Ford was a great American entrepreneur. An entrepreneur is a person who organizes and operates a business taking on greater than normal financial risk in order to do so. Ford founded the Ford Motor Company and made the automobile affordable for the average man. He also developed an assembly line system, cutting the production time of one car from 19 hours to just 90 minutes.

Henry Ford 1863-1947

Summary

Work Citedhttp://people.hofstra.edu/geotrans/eng/ch2en/conc2en/fordcostproduction19081924.htmlhttp://www.history.com/topics/henry-fordhttp://en.wikipedia.org/wiki/Henry_Fordhttp://en.wikipedia.org/wiki/Ford_Foundationhttp://www.biography.com/people/henry-ford-9298747

Henry Ford Video

~ Awarded the Franklin Institute's Elliot Cressan Medal in 1928 ~ Awarded Nazi Germany's Grand Cross of the German Eagel in 1938 ~ Included in Gallup's List of Widely Admired People of the 20th Century in 1999 ~ Honored by the U.S Postal Service with Prominent Americans postage stamp (1965-1978)

Ford was a philanthropist. Henry Ford and his son, Edsel, founded the Ford Foundation in 1936. The foundation provides grants supporting: ~ Higher Education ~ The Arts ~ Economic Development ~ Civil Rights ~ The Environment

Philanthropy: The Ford Foundation

After the success of the Quadricycle, Ford got funding from William H. Murphy to found the Detroit Automobile Company in 1899. This company was not successful and ultimately failed in 1901. This didn't stop Ford, he was determined to make a successful affordable car. With the help of C. Harold Wills he finally designed an excellent car. This motivated former stockholders in the Detroit Automobile Company to back Ford again and the Henry Ford Company was born in 1901. Ford left this company in 1902 and it was renamed the Cadillac Automobile Company. He then formed a partnership with Alexander Y. Malcomson to create "Ford & Malcomson, Ltd." Malcomson brought in more investors, including the Dodge Brothers, and Ford & Malcomson was reincorporated into the Ford Motor Company in 1903.

Cost & Production of the Ford Vehicles (1908-1924)

Starting His Business

Awards & Honors


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