Ford's Model A
A revolution in transportation began on July 23, 1903, when Henry Ford sold his first automobile. The two-cylinder Model A, which cost all of $750, was delivered to Dr. Ernst Pfenning of Chicago.
Unlike later versions of his famous assembly-line vehicles, which came in “any color you want, as long as it’s black,” the first Model A was a bright shiny red. The car weighed 1,240 pounds and could reach a top speed of 45 miles per hour. Options included a rear tonneau with two seats and a rear door for $100, a rubber roof for $30, or a leather roof for $50. In his first year of production Ford sold 1,750 versions of the Model A.
The Ford Motor Company had spent virtually all of its original investment funds when Dr. Pfenning picked up his car. The company had only $223.65 left in the bank at the time. But the rest, as they say, is history.
Chip Wood is the geopolitical editor of PersonalLiberty.com. He is the founder of Soundview Publications, in Atlanta, where he was also the host of an award-winning radio talk show for many years. He was the publisher of several bestselling books, including Crisis Investing by Doug Casey, None Dare Call It Conspiracy by Gary Allen and Larry Abraham and The War on Gold by Anthony Sutton. Chip is well known on the investment conference circuit where he has served as Master of Ceremonies for FreedomFest, The New Orleans Investment Conference, Sovereign Society, and The Atlanta Investment Conference.
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