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History Of The Automotive Industry And Ford Motor Company Beginning of Paper The automotive industry started in 1893 when Charles and Frank Duryea designed and built the first gasoline-engine-propelled motor vehicle. This invention opened the doors to the automotive industry. During the next 30 years, many people tried to enter the industry, but only a few .... Middle of Paper .... car of the time (Chandler 15). The Great Depression In October of 1929, America experienced a crash in the stock market that left the thriving country poor and desperate. With the decline in both disposable and discrete income, the demand for new automobiles almost stopped. This huge decrease in demand forced major cutbacks in spending, factories were closed, employees were laid off, and production was almost halted. Many of the smaller plants couldn't afford to stay in business. The United States time of prosperity had ended. WW .... 1755 words | 7 pages Subscription Length Price Join 30 days membership (recurring) $19.95 90 days membership (recurring) $39.95 180 days membership (non-recurring) $69.95