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Essay text:
Economic
a. Railroads vs. Automobile (Henry Ford)
i. Henry Ford
1. Electric assembly line, from 14 hours to 93 minutes per car.
2. Wage motive, double.
3. 490 dollars to 260 dollars.
4. 4,000 in 1900, 4.8 million in 1929
ii. Railroads
1. Decline due to popularity of the car (soldiers), usage of mass production, rapid development of car technology: network of road by Federal Highway Act of 1921.
2. RR earnings down after depression, companies controlling 1/3 of track in nation bankrupt
3. Consolidation hampered until Transportation Act of 1920
4. 2 and a half times number of ton miles of freight in 1944 than in 1929, 4 ? times passenger traffic...
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