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It was the most popular automobile in history, and over fifteen million were sold. With the Model T, Ford achieved his goal to make reasonable priced cars for the average person. 2
The reason he could make cars for decent prices was that the FMC owned its own steel mill and iron mine, and could make its own parts...
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Other companies had to buy their parts from manufactures. The FMC also obtained their own railroads and shipping lines to transport the materials. With all this and Ford's invention of the assembly line, the FMC was well on the way to being the major corporation it is today.1
After introducing the assembly line, Ford instituted the $5...
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