Success and Economic Recession
Despite several early design flaws and reliability issues such as engine failure and unbearable heat, the Fordson established a firm foothold on U.S. farms, with more than seventy percent market share in earlier years. By mid-1918, more than 6,000 Fordson tractors were in use in Britain, Canada, and the United States. Annual production reached 36,781 in 1921 and 99,101 in 1926. By 1925, Ford had built its 500,000th Fordson tractor. Ford was the only automotive firm to sell cars, trucks, and tractors simultaneously from 1917 to 1928, during which time 552,799 Fordson tractors were built at the Dearborn, Michigan factory. An economic recession and plummeting farm income depressed the market in 1925.
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Famous quotes containing the words success and/or economic:
“I fear the popular notion of success stands in direct opposition in all points to the real and wholesome success. One adores public opinion, the other, private opinion; one, fame, the other, desert; one, feats, the other, humility; one, lucre, the other, love; one, monopoly, and the other, hospitality of mind.”
—Ralph Waldo Emerson (1803–1882)
“Just as men must give up economic control when their wives share the responsibility for the family’s financial well-being, women must give up exclusive parental control when their husbands assume more responsibility for child care.”
—Augustus Y. Napier (20th century)