quora
Nobody downloaded yet

The Automotive Industry 1945-1960 - Term Paper Example

Comments (0) Cite this document
Summary
The Automotive Industry 1945-1960 The end of Second World War has created hope as well as fear in the minds of Americans. Even the fear of war ended after WW2, many Americans thought that another economic depression may cause immense damage to American economy…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.8% of users find it useful
The Automotive Industry 1945-1960
Read TextPreview

Extract of sample
"The Automotive Industry 1945-1960"

Download file to see previous pages “After World War II there was a striking expansion of motor vehicle production. During a 35-year period the total world output increased almost 10-fold. Among individual countries the United States was the leading producer until the recession of the early 1980s” (Automotive Industry) Science and Technology developed rapidly during the period of 1945-1960 so that industrial sector, especially the automobile industry got huge benefits. “The American work force also changed significantly. During the 1950s, the number of workers providing services grew until it equaled and then surpassed the number who produced goods. And by 1956, a majority of U.S. workers held white-collar rather than blue-collar jobs” (The Post War Economy: 1945-1960) “Gross national product, a measure of all goods and services produced in the United States, jumped from about $200 thousand-million in 1940 to $300 thousand-million in 1950 to more than $500 thousand-million in 1960” (U.S. Department of State). A substantial portion of the GDP growth during this period was contributed by the automotive industry. Even though recent recession caused some problems in American automotive industry, it is still one of the largest employment sectors for Americans. It should be noted that cold war started between America and Soviet Union immediately after the end of WW2. However, United States enjoyed phenomenal economic growth during the cold war period. America cemented its place as world’s wealthiest nation during this period mainly because of the contributions of the automotive industry. This paper analyses the effect of the Cold war on the Auto Industry, both at the business to business level and business to consumer level. Between 1945 and 1960 some 30 million Americans moved to the suburbs, the growth of which was a huge boon to the auto industry. By the early 1950s the auto industry faced a crisis of falling unit demand, as most families now owned a car. At the same time working people’s discretionary spending was rising. Given these factors, the Big Three (GM, Ford and Crysler) moved to increase each car’s size and array of new gadgets, and at the same time increase the frequency of the introduction of new models (Rooke). GM, Ford and Crysler are the three automobile companies which put strong foundations to the growth in American automobile industry. These companies have introduced many new models of vehicles during the period of 1945 -1960. These three companies started to compete each other and the result was the huge growth in American automobile sector. Consumers started to get vehicles with greater fuel economy and better safety measures because of the competition between the three. “By 1950 the Big Three offered their customers 243 different new car models. With a major body change costing upwards of $200 million, by 1955 the Big Three controlled 94% of the entire US market”(Rooke). It is an accepted fact or economic principle that when competition increases, consumers will be benefitted since heavy competition forces companies to reduce the prices of their product and services. However, this principle was not true during the period of 1945 -1960, at least in American automobile sector. Even though competition intensified between the big three, instead of a price dip a price hike occurred for different car models in America during this period. This phenomenon was occurred mainly because of the huge economic growth that happened in America after the end of ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“The Automotive Industry 1945-1960 Term Paper Example | Topics and Well Written Essays - 2500 words”, n.d.)
Retrieved from https://studentshare.org/history/1402953-the-automotive-industry
(The Automotive Industry 1945-1960 Term Paper Example | Topics and Well Written Essays - 2500 Words)
https://studentshare.org/history/1402953-the-automotive-industry.
“The Automotive Industry 1945-1960 Term Paper Example | Topics and Well Written Essays - 2500 Words”, n.d. https://studentshare.org/history/1402953-the-automotive-industry.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
American Military Occupation of Japan (1945-1952) Changed Japans Political Institutions And Processes
Right after their defeat, America started to stay in Japan, and the Occupation was put to end in 1952. The American Military Occupation of Japan that lasted for seven years has been a significant segment of the world history because it has made several successful stories that were highly substantial nowadays.
12 Pages(3000 words)Term Paper
Contemporary Hollywood Industry
The industry has witnessed developments that have been developed from the time of the establishment to the period that shapes the development of the company into a leading entertainment form (Buckland 9). There has been the need to create the changes as they have been reflected upon the development of the features that prompt involvement of the technology used to create change.
8 Pages(2000 words)Term Paper
Computer Industry
It has been applied across multiple domain areas and with substantial results. This industry is worth billions of shillings and has been used to solve most of the day to day problems in the society. The industry produces an end product which is a program that will run in the computers or other digital devices.
3 Pages(750 words)Term Paper
Industry Analysis
Industry Analysis: Toyota’s Position in the Automobile Industry.An industry consists of a number of firms which produces goods that are close substitutes for each other. The structure of the automobile industry is that of an oligopoly with a few firms showing dominance.
9 Pages(2250 words)Term Paper
How Did the 1960's Change America
Important factors related to the 1960s include but are not limited to the life of Martin Luther King Jr., the culture of hippies, and the development of children’s toys. The politics of the 1960s brought a revolutionary change specifically for the blacks in the USA.
3 Pages(750 words)Term Paper
Global warming and automobile industry
This data was compared with other data on emissions from other sectors of the economy. A pie chart and a line graph were used for easier comparison of the shares of
6 Pages(1500 words)Term Paper
America 1945 1960
At home there were ticker-tape parades to welcome back all of the brave men who had placed their lives in harms way in foreign theatres of was, to enable everyone back home to enjoy the constitutional precepts of life, liberty, and the pursuit of happiness.
4 Pages(1000 words)Essay
Steel Industry Term Paper
The steel industry is one of the core industries of any developed or developing nations. With the demand increasing significantly over the last century this is a boom industry. Other industries providing essential goods have seen a general trend of increased revenues and profits and have been able to satisfy shareholder demands for good returns.
30 Pages(7500 words)Term Paper
THE GLOBAL TOURISM INDUSTRY
All products and services are sold to the tourists as an all-inclusive package. The travel and tourism industry, since World War II, has progressed. The major factors that have resulted in the development and socio-economic conditions of the industry are varied. Obviously, a
8 Pages(2000 words)Term Paper
Industry paper
Some of the attributes include: sweat absorbent, to ensure that one is comfortable enough in the duration of their game or sports activity. Flexibility of the product, this allows the player to make easy and fluid movements during their games. Finally, customers
4 Pages(1000 words)Term Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Term Paper on topic The Automotive Industry 1945-1960 for FREE!
logo footer
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us