HENRY FORD

More than just an inventor

Henry Ford

•Born in 1863

•Born in Dearborn, Michigan

•The son of immigrant farmers

INVENTORInvented his first horseless carriage in 1986 and released the famous Model T in 1908 which sold 15,000,000 in the US alone. The Model T was sold for $825.

More than an inventor…•Henry Ford did more than bring about the first massed produced automobile. •He had a passion for business. •He shocked the world by offering wages of $5/day which was more than double the current wage.•Created the concept of “welfare capitalism” which focused on the welfare of the employees to decrease turnover and improve working conditions.•Reduced workday from 9 hours to 8 hours.Developed profit sharing plan.•Focused on employees’ lives outside of work as well.•Developed the concept of franchising.

During WWII he built the Willow Run Aircraft Assembly Plant to manufacture B-24 Liberator aircrafts for the United States Armed Forces.Built 18,000 aircrafts at that plant

He married his wife, Clara in 1888 and they had one son, Edsel in 1893.

“Whether you think you can, or you think you can’t. You’re right” –Henry Ford