Henry Ford Bankruptcy
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Henry Ford

In 1893, Henry Ford was the chief engineer at the Edison Illuminating Company. Within nine years, Ford had built his first automobile, named the Quadricycle, and started the Detroit Automobile Company. A gifted engineer, Ford focused heavily on the mechanics of his auto, and completely ignored the idea of marketing his invention. Ford's first product failed to capture the public's attention, and Ford was forced to leave his company and file bankruptcy. One year later, Ford started the Ford Motor Company and designed a car that broke the land-speed record. In 1908, Ford released the Model-T to an eagerly awaiting public, and changed the face of American industry.

 


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