One of Henry’s greatest economic achievements and, at the same time, his worst implementation of a social indignation, occurred over the same event. Ford Motor Company, the pillar of Detroit strength and perceived by many to be invincible, was at one time on the verge of bankruptcy. Henry, in an effort to save the company, applied to several major banks for desperately needed capital to continue operations. To Henry’s surprise, all of the banks offered him a loan.
Henry felt something wasn’t right when , to his way of thinking, almost everyone responded positively, and, in a relatively short period of time. He personally reviewed the terms, and to his chagrin, determined the proposed