Henry Ford

Henry Ford (July 30, 1863 – April 7, 1947) was an American industrialist and business magnate. As the founder of the Ford Motor Company, he is credited as a pioneer in making automobiles affordable for middle-class Americans through the system that came to be known as Fordism. In 1911, he was awarded a patent for the transmission mechanism that would be used in the Ford Model T and other automobiles. Ford was born in a farmhouse in Springwells Township, Michigan, and left home at the age of 16 to find work in Detroit. It was a few years before this time that Ford first experienced automobiles, and throughout the later half of the 1880s, he began repairing and later constructing engines, and through the 1890s worked with a division of Edison Electric. He founded the Ford Motor Company in 1903 after prior failures in business, but success in constructing automobiles. The introduction of the Ford Model T vehicle in 1908 is credited with having revolutionized both transportation and American industry. As the sole owner of the Ford Motor Company, Ford became one of the wealthiest people in the world. He was also among the pioneers of the five-day work-week. Ford believed that consumerism could help to bring about world peace. His commitment to systematically lowering costs resulted in many technical and business innovations, including a franchise system, which allowed for car dealerships throughout North America and in major cities on six continents.