1909 Ford Model T A site like BestSellingCars would not exist were it not for the Ford Model T. Tin Lizzie, as it was fondly known, is the first car in the automobile history to be mass-produced, making the automobile affordable and defining the direction of the automobile industry as we know it today. One of the first Ford Model T ever produced in 1908 The Model T set 1908 as the historic year that the automobile became popular. It’s the car that opened travel to the common middle-class American and to the world. Streamlined production techniques meant the car could be produced 8 times faster than any other car – 93 minutes in 1914 – all the while using less manpower. 1912 Ford Model T At launch in 1908 it was twice cheaper than any other car, at $850(equivalent to $20,700 today). In 1913, the price dropped to $550 ($12,200 today), and $260 in 1924 ($2,900 today) because of increasing efficiencies of assembly line technique and volume. 1916 Ford … [Read more...] about USA 1908-1927: Ford Model T makes the automobile popular
Automobile industry average financial ratios
Recreational cannabis grow rooms, outfitted with 24-hour LED grow lights, are becoming common in U.S. cities where marijuana farming is legal. Ben McLeod/Getty Images Not a lot of legitimate scientific research involves growing marijuana plants in a garage, but that's what it took for William Vizuete, associate professor of environmental sciences and engineering at the Gillings School of Global Public Health at the University of North Carolina, to begin to untangle the problem of whether the booming cannabis industry in Colorado is affecting air quality in Denver. As more states legalize marijuana for medicinal and recreational use (as of 2018, 33 states and Washington D.C. have decriminalized the drug in some form or fashion), studies suggest marijuana farming impacts the environment in a variety of ways, from wildlife habitat fragmentation to its extreme energy and water requirements. But until Vizuete and a Ph.D. student went to Denver and bought and monitored 12 marijuana … [Read more...] about How a Booming Legal Marijuana Industry Could Harm Air Quality
After signing the Wall Street reform bill they co-wrote into law on July 21, 2010, President Barack Obama congratulates Sens. Christopher Dodd and Barney Frank. Win McNamee/Getty Images On July 15, 2010, the U.S. Senate voted 60-39 to approve the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The bill -- representing the most sweeping financial restrictions since the Great Depression -- gives Congress the right to break up corrupt banks and other financial institutions, eliminates proprietary trading, and ends the practice of bailing out banks in trouble. In other words, it increases oversight of the financial industry in an effort to prevent the kinds of practices that many believe have led to -- or worsened -- the financial crisis. But what about the average Joe (or Jane) with 2.5 kids, a car and a mortgage? After all, regular people have also felt the effects of everything from corrupt lending practices to policies that work in businesses' favor while … [Read more...] about What’s the Bureau of Consumer Financial Protection?
If you watch the news, you hear all the time about the Dow Jones Industrial Average and other averages like the S&P 500 or The Russel 2000. These are "market averages" designed to tell you how companies traded on the stock market are doing in general. The Dow Jones Industrial Average is simply the average value of 30 large, industrial stocks. Big companies like General Motors, Goodyear, IBM and Exxon are the kinds of companies that make up this index. See Dow Jones & Company for details on how the average is calculated. See The Investment FAQ for a list of the companies in the average. The thing to understand is that the Dow Jones Industrial Average is nothing magic -- someone has chosen 30 companies and averaged their values together by following a specific formula. That's all it is. There are all sorts of averages out there. The S&P 500 is the average value of 500 different large companies. The Russel 2000 tracks the average of 2,000 smaller companies. And there are … [Read more...] about What is the Dow Jones Industrial Average?
While many home sites have sat virtually untouched during the construction bubble, large and small green construction jobs have thrived. See more pictures of home construction. AbleStock.com/Thinkstock Unless you've been in a coma for the past three years, you've probably heard something about the real estate bubble that burst in the late 2000s. The real estate bust affects all sectors of the economy, from attorneys to home decorating, but few areas have been quite as directly affected as the construction industry. As the country -- and the world -- continues to dig its way out of the Great Recession, construction jobs and contracts remain below the peak from the boom years of 2005 and 2006. But it hasn't been all doom and gloom. Throughout the recession, one sector of the construction industry has consistently shown signs of growth: green building. Through the darkest days of the financial collapse, green jobs have proven to be somewhat recession-proof. That's partly because … [Read more...] about Did any part of the construction industry escape the bubble burst?