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Dy the graph carefully. Then answer the questions that follow. T he automobile industry has been the single most important industry in the United States since the 1920s. The value of its products exceeds that of any other industry, and a prolonged decline in car sales is usually a sign that the entire U.S. economy is headed for rough times. So many other industries such as those producing oil, steel, rubber, plate glass, machine tools, plastics, and aluminum are dependent on automobile pro.

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By the mid-twentieth century, major changes in the American economy were underway, and the automobile industry was on the cutting edge. The "Big Three" auto producers, Ford, General Motors, and Chrysler, drove nearly every smaller competitor out of business.

At the same time, Tucker faces animosity from the Big Three automakers—General Motors, Ford and Chrysler—and from the authorities, led by Michigan Senator Homer S. Ferguson.

The rapid expansion of the automobile industry created jobs throughout the country and played a large role in sustaining the economic prosperity of the 1920s. In 1929, at the peak of the decade's economic boom, there were more than 330,000 people employed at automobile dealerships in the country.

Twenty-four years more, and we find in 1955 just five companies making cars — or at least accounting for 99.7 percent of all cars — General Motors, Ford, Chrysler, American Motors (Nash-Hudson), and Studebaker-Packard.

Automotive History in Detroit: The Big Three The city's legacy in automotive production is based in the establishment of what is known as the Big Three: Ford, General Motors, and Chrysler. To this day, they're America's biggest automobile companies, and all three still have their headquarters in Michigan.

The automobile was one of the biggest and most important features of the 1920's. Automobiles not only were a symbol of social status, but also had become so popular that nearly every family owned a car. Automobile production and sales fueled the economy and created an item that remains the centerpiece of daily life.

The Big Three often refers to the three largest car manufacturers in North America: General Motors, Stellantis (formerly Chrysler), and Ford Motor Company. After decades of dominating the U.S. and global markets, the Big Three have lost significant market share to automakers from Japan, South Korea, and Europe.

The automobile gave people more personal freedom and access to jobs and services. It led to development of better roads and transportation. Industries and new jobs developed to supply the demand for automobile parts and fuel. These included petroleum and gasoline, rubber, and then plastics.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232