Affordable automobiles - In 1918, only 1 in 13 families owned a car. By 1929, 4 out of 5 families had one. In the same time period, the number of cars on the road increased from 8 million to 23 million. In fact, the industry grew so fast, by 1925 over 10% of all people in the workforce had something to do with production, sales, service, or fueling of automobiles.

 
Affordable automobilesAffordable automobiles - To help create an affordable car, Henry Ford had to first create the assembly line. On December 1st, 1913, Henry Ford’s assembly line first opened and reduced the manufacturing time of a Model T automobile from 12 hours to just above 90 minutes. It also reduced the cost of the Model T from $825 in 1908 to just $260 in 1925, which is ...

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