Quote:
Originally Posted by Tudortomnz
The figure I have seen for Model A introduction [ American magazine, Dec. '29] was $150 million.
|
In today's dollars, to put it in perspective, that was $2,165,000,000 (over two billion dollars, 14X 1929 money just in inflation factoring) all without Govt. intervention. And also, Henry hated banks and didn't trust them, he dipped into his 'savings' and financed the whole deal himself.
Kind of like how Ford did it back when Alan Mulally was in control, they hawked everything they had even the blue oval trademark to put together a deal to raise cash and save the company. Took no Govt. money bailout like GM and Chrysler did, our tax dollars.