1920s Cars Essay

In 1918, only 1 in 13 families owned a car. By 1929, 4 out of 5 families had one. In the same duration period, the number of cars on the road increased from 8 million to 23 million. In fact, the industry grew so fast by 1925 over 10% of all people in the workforce had something to do with production, sales, service, or provide of automobiles.Buying on Credit At first, a buyer had to create cash to purchase a car. Banks were unwilling to lend money for something that was voiceless to seize if the borrower stopped making payments. A car could be locomote from place to place, unlike a stick out or land. In 1919, oecumenical Motors and Dupont introduced the concept of buying a car on creed. But alternatively of getting financing through a bank, they formed the General Motors betrothal Corporation (GMAC). By 1926, 75% of all car buyers were entering into credit purchase agreements. Fords Sales DeclineBetween utilize car sales to lower income families, and attractive financing o ptions on impudently cars for the middle class, Ford began to see a decline in sales. subsequently resisting change for several months, Ford finally chose to shut down production from May to November 1927 to design a new car and re-tool his factories. Ford exchange 300,000 Model As before the first one appeared on the market. It quickly became the most popular car, but the unplanned shutdown had monetary value Ford plenty. With over 40 other companies making cars in 1929, arguing began to increase. The Cars Influence on SocietyThe automobile changed the expression people worked, conducted their business, and shopped for needs and wants. Doctors were among the first to buy cars, which made it easier for them to make house calls. Police officers could now answer calls more quickly than on plunk or horseback. Cars also changed how people spent their leisure time. It gave us clean access to the world beyond our neighborhoods, our cities, and even our states. With a car, some exc eptional income, and more leisure time, motor vacations became popular.