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KF5JRV > TODAY 16.06.24 12:17l 47 Lines 2676 Bytes #999 (0) @ WW
BID : 1072_KF5JRV
Read: GUEST
Subj: Today in History - Jun 16
Path: IZ3LSV<DB0ERF<DK0WUE<DK0WUE<N2NOV<K5DAT<VE3CGR<KF5JRV
Sent: 240616/1114Z 1072@KF5JRV.#NWAR.AR.USA.NA BPQ6.0.24
At 9:30 in the morning on June 16, 1903, Henry Ford and other prospective
stockholders in the Ford Motor Company meet in Detroit to sign the official
paperwork required to create a new corporation. Twelve stockholders were
listed on the forms, which were signed, notarized and sent to the office of
Michigan\u2019s secretary of state. The company was officially incorporated the
following day, when the secretary of state\u2019s office received the articles of association.
Ford had built his first gasoline-powered vehicle\u2014which he called the
Quadricycle\u2014in a workshop behind his home in 1896, while he was working
as the chief engineer for the main plant of the Edison Illuminating Company
in Detroit. He made two unsuccessful attempts to start a company to
manufacture automobiles before 1903. A month after the Ford Motor Company
was established, the first Ford car was assembled at a plant on Mack Avenue in Detroit .
In the early days of Ford, only a few cars were assembled per day, and they were
built by hand by small groups of workers from parts made to order by other
companies. With the introduction of the Model T in 1908, Ford succeeded in
his mission to produce an affordable, efficient and reliable automobile for
everyone: within a decade, nearly half the cars in America were Model Ts.
The sensational demand for the \u201cTin Lizzie\u201d led Ford to develop mass-production
methods, including large production plants, the use of standardized,
interchangeable parts and, in 1913, the world\u2019s first moving assembly line
for cars. In 1914, to further improve productivity, Ford introduced the $5 daily
wage for an eight-hour day for his workers (up from $2.34 for nine hours),
setting a standard for the industry.
During the late 1910s and early 1920s, Ford began construction of a massive
industrial complex along the banks of the River Rouge in Dearborn, Michigan.
The plant combined all the components necessary for auto production, including
a glass factory, steel mill and assembly line. When Ford Motor\u2019s other
stockholders resisted the idea of building the River Rouge plant due to its
enormous costs, Henry Ford (who as early as 1906 owned 58.5 percent of the
company) bought them out, installing his son Edsel as president of the company
in 1919. The elder Ford retained full control of the company\u2019s operations,
however, and returned to the presidency briefly after Edsel died in 1943,
before handing it over to his grandson, Henry Ford II, in 1945. Two years later,
the legendary automaker died at his Dearborn home at the age of 83.
73 de Scott KF5JRV
Pmail: KF5JRV@KF5JRV.#NWAR.AR.USA.NA
Email KF5JRV@gmail.com
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