The Number of U.S. Automakers Falls to Forty-four
At a glance:
- Series: Great Events from History II: Business and Commerce Series
- Categories: Economics
- Subcategories: Business, Trade, Commerce, Industry, Manufacturing, Factories, Automobiles, Cars
- Curriculum: American History 1901-1950
- Geographical Location: Michigan
- Date: 1927
Article abstract: The consolidation of the U.S. auto industry into three large firms began in the 1920’s and demonstrated that only large and efficient producers could survive.
Summary of Event
The number of firms actively producing automobiles in the United States declined from eighty-eight in 1921 to forty-four in 1927. Consolidation of the automobile industry continued for decades as a result of basic economic factors associated with motor vehicle production.
Charles and Frank Duryea built the first gasoline-powered automobile in Springfield,...
[The entire page is 2300 words long]
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