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That was why he wanted so badly to make a car at a price so that everyone could afford it (Iacocca 1). After many numerous attempts to accomplish this goal Ford would say, " Failure is the opportunity to begin again more intelligently."(Lacey 65) This kind of attitude led Henry Ford to create the Model T in 1908...
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He did this because he knew that the cars would not only be cheaper, but the more cars that were made the more the price would drop. The purpose of the price reduction was to give everyone an opportunity to own a car. Ford did this unselfishly and his company never lost a dime (Jarold 1). He was once quoted saying, " A business that makes nothing but money is a poor kind of business (Willamette 5)...
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