10 Moments That Made American Business

How a debt-ridden banana republic became the greatest economic engine the world has ever known

It has been 400 years since European settlement began in what is now the United States. In that time a land occupied by a few million Neolithic hunter-gatherers has been transformed into the mightiest economy ever known, producing nearly one-third of the world’s goods and services. There are few economic sectors indeed, from agricultural exports to jet-aircraft production to entertainment, in which the United States does not lead.

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40 More Critical Moments In American Business History

1. 1606: The Virginia Company is formed to seek profit from a new business: American settlement.

2. 1612: John Rolfe plants West Indian tobacco in Virginia, the cash crop that assures the colony’s success.

3. 1614: John Smith, finding no gold, sets his men to fishing for cod off New England, pointing the way to the area’s first economic mainstay. Read more »

Prime Mover

The Model T Ford made the world we live in. On the 100th anniversary of the company Henry Ford founded, his biographer Douglas Brinkley tells how.

"I will build a motor car for the great multitude,” Henry Ford proclaimed to the public when he announced the machine that would change America and indeed the world. “It will be so low in price that no man making a good salary will be unable to own one—and enjoy with his family the blessing of hours of pleasure in God’s greatest open spaces.”

It was quite a sales pitch. At the time of the Model T’s introduction, on October 1, 1908, the Lord’s pastoral delights remained almost exclusively the domain those wealthy enough to get to them.Read more »

Secrets Of The Model T

The Tin Lizzie carried us into the twentieth century, but she gave us a hell of a shaking along the way. Now a veteran driver tells what everybody knew and nobody bothered to write down.

Many, many authors have written about the Model T, but I’m privy to some information that this legion ignored. My experience with Model T’s began in the Middle West in 1923 and continued on out to California. Like so many others, I drove only second- or third-hand models. Here are some of the things I learned.

SHIMMY Read more »

The Greatest American Cars

A leading authority picks the top ten. Some of the names still have the power to stir the blood. And some will surprise you.

Few enterprises for any alleged expert in a given field can be more hazardous than the compilation of a “best” or “worst” list. The undertaking of such an effort immediately invites second-guessing by everyone else with similar credentials and offers the risk that any number of them may give valid, even insurmountable, proof that their selections are superior.Read more »