The+'Boom'+and+'Bust'+of+Ford's+Industry

=**Michigan's Automobile Industry: Ford Motor Company's 'Boom' and 'Bust'**=

Back in 1904, Henry Ford created and founded Ford Motor Company, the first of Michigan's Automobile Industry. Other competitors arose not long after Ford Motor Company's introduction in the early 1900's. Ford's vehicles were quality pieces, reeling in many customers. [|Ford's Boom]
 * Why/Who/How did Ford Motor Company 'Boom'?**

By the 1950's, Detroit was the 5th largest city in the United States. Detroit was an industrious city holding many manufacturing jobs involving the booming automobile industry. Many families all over America moved to Michigan, specifically the Detroit area in order to work the growing auto industry. Ford even hired women as employees. [|Ford's Boom]
 * Where/Why in Michigan?**

After 2005, gas prices soared and other companies had automobiles that received better gas milage. Ford soon found themselves borrowing over 25 billion dollars, heading toward bankruptcy. Ford stocks were down as low as they had ever been, and many workers in the Ford automobile industry lost their jobs. Also at this time, the American economy was beginning to crash after oil prices and war. Fortunately, in 2010 Ford experienced great success in the production of new vehicles, and are now doing well. Stock has also gone up significantly in the last two years. [|Ford's Bust]
 * Why/How did Ford Motor Company 'Bust'?**

As other vehicles were evolving to be more gas efficient and eco-friendly, Ford should have hopped onto the bandwagon right away to avoid waiting and losing money and business over competitive automobile companies around the world.
 * What Could Have Been Done Differently?**