Shifts and ChangesSo much for the general background of the 1920’s and for the development of conditions which produced a crowded automobile field. At the beginning of 1922, however, the maker of cars, though happily unaware of his troubles in the distant future, was acutely conscious of his troubles in the immediate past. It was not until [...]  |
The First Crisis: A Worse YearFrom a production standpoint, 1921 was much worse than 1920. The total output was only 1,680,000 automobiles, of which more than 1,000,000 were made by Ford. Yet nobody expected 1921 to be a good year, and nobody put up any plant or acquired any inventory that he could not use. Furthermore, the industry finally abandoned [...] |
After The WarThe end of hostilities brought no end to the war inflation. There was much discussion of the need (and the opportunity) of feeding starving Europe and rebuilding ruined Europe, although the question of how starved and ruined Europe was going to pay for high priced American goods was not so often discussed. And everyone seemed [...] |
