Henry Ford: Biography, Achievements & Lasting Legacy

The introduction of the Ford Model T vehicle in 1908 is credited with having revolutionized both transportation and American industry. As the sole owner of the Ford Motor Company, Ford became one of the wealthiest people in the world. He was also among the pioneers of the five-day work-week. Ford believed that consumerism could help to bring about world peace. His commitment to systematically lowering costs resulted in many technical and business innovations, including a franchise system, which allowed for car dealerships throughout North America and in major cities on six continents.

Ford was known for his pacifism during the first years of World War I, although during the war his company became a major supplier of weapons. He promoted the League of Nations. In the 1920s, Ford promoted antisemitism through his newspaper The Dearborn Independent and the book The International Jew. He opposed his country's entry into World War II, and served for a time on the board of the America First Committee. After his son Edsel died in 1943, Ford resumed control of the company, but was too frail to make decisions and quickly came under the control of several of his subordinates. He turned over the company to his grandson Henry Ford II in 1945. Upon his death in 1947, he left most of his wealth to the Ford Foundation and control of the company to his family.