New plans added on 11/22: Click here for 2,593 plans for homemade tools.
nova_robotics (Jan 22, 2024)
The Model T has a reputation of a car cheap enough to be afforded by basic laborers, but this was when the average worker made less than $500 per year.
$850 in 1908 is equivalent to $28k in today's money.
Neil
FOB. Huh. I thought Incoterms came into being around World War 2. I guess not.
Quote from...Originally Posted by sossol
https://detroithistorical.org/learn/...etroit/model-t
"The Model T was the first mass-produced car that was affordable enough for a wide audience. In 1909 a new Model T cost $850, but by 1924 the price had gone down to only $260. The average assembly line worker could purchase one with four months’ pay in 1914."
---
Regards, Marv
Failure is just success in progress
That looks about right - Mediocrates
There are currently 1 users browsing this thread. (0 members and 1 guests)
Posting Permissions
LinkBack URL
About LinkBacks
Reply With Quote
Bookmarks