YouSaid · the spoken record

Henry Ford

lines on the record: 15
first: 2017-07-10
most recent: 2017-07-10
sittings or episodes: 1
sources: podcast

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“So there you have it almost 20 years after the founding of the company, Henry Ford finally gets what he wants. He has complete control and winds up accomplishing something no one's ever done before. Somebody that owns the entire company and has a market valuation of $500 million in 1919. That was surprising. I had no idea.”
2017-07-10 · Founders · #9 I Invented the Modern Age: The Rise of Henry Ford · IDENTIFIED FROM THE TRANSCRIPT · source
“He did so grimly, but when everything was settled, he found he had climbed to a summit nobody had achieved before. This is what I was referencing earlier. John D. Rockefeller never owned much more than a third of Standard Oil, and Rockefeller himself had been surprised to learn how little America's foremost financier had been worth when JP Morgan died in nineteen thirteen. But by the end of nineteen nineteen, Henry Ford held the largest company ever in the hands of one person. His operation was worth half a billion dollars, and he owned it as completely as he did his piano and his bird houses.”
2017-07-10 · Founders · #9 I Invented the Modern Age: The Rise of Henry Ford · IDENTIFIED FROM THE TRANSCRIPT · source
“All of these thoughts ran through my mind. I figured out, supposing I do refuse unless I get two or two and a half million more dollars, then the tax, then with the taxes, where would that land me? It meant a difference of about $600 or $700,000. And I said to myself, by jove, as I thought over what mister Ford Ford had done for me, as I thought of the house I was in and the room, and contrasted it with my humble home in nineteen oh three when the company started. The advantages I had in the meantime and the ability to give up the daily practice of law, the opportunities afforded to travel, and all of these things I could trace directly to my association with mister Ford in the Ford Motor Company, and I said to myself John Anderson, are you going to be an ingrate? Are you going to be a man? And I decided that I would not try to be an ingrate.”
2017-07-10 · Founders · #9 I Invented the Modern Age: The Rise of Henry Ford · IDENTIFIED FROM THE TRANSCRIPT · source
“Now, this is forward talking. I am convinced that the $500 model is designed to revolutionize automobile construction, and I consider my new model the crowning achievement of my life. So at this point, they start with the Model A, they keep releasing, so you have the Model K, you have the Model N, and they're all different cars, but Ford wants to focus on what eventually becomes a Model T. And that's what he's referencing here.”
2017-07-10 · Founders · #9 I Invented the Modern Age: The Rise of Henry Ford · IDENTIFIED FROM THE TRANSCRIPT · source
“An entrepreneur is, and that is like, yeah, you want to make money, of course, but you want control. And for him, he just wanted to build the best machine possible. He didn't call him cars. He called machines, by the way. And he wanted control. And anytime he was in a situation where somebody else was telling him what to do or not letting him build the machine he wanted, he would just leave. So he dissolved two companies before the Ford Motor Company. One of those companies wind up being Cadillac, which is kind of crazy considering that Ford Motor Company is still around today and so is Cadillac. And they both started with, they were both invented by Henry Ford.”
2017-07-10 · Founders · #9 I Invented the Modern Age: The Rise of Henry Ford · IDENTIFIED FROM THE TRANSCRIPT · source
“At starting a car company. The first two follow the same pattern. So he'd build a car, he'd have somebody make an investment, they'd start a company. What happened is, similar to, I guess what would happen now where the entrepreneurs raises so much money that he owns such a small portion of his own company and then has no control. So Henry Ford is very much, in my opinion,”
2017-07-10 · Founders · #9 I Invented the Modern Age: The Rise of Henry Ford · IDENTIFIED FROM THE TRANSCRIPT · source
“Distances, he said, and there would be stations to supply the cars with hydrocarbon. That was the first time I ever heard this term for liquid fuel. Remembering that evening some thirty five years later Ford said that bang on the table meant the world to me. He went on with an extremely rare mention about having entertained doubts. I had hoped that I was headed right. Sometimes I only wondered if I was, but here all at once and out of a clear sky, the greatest inventive genius in the world had given me a complete approval.”
2017-07-10 · Founders · #9 I Invented the Modern Age: The Rise of Henry Ford · IDENTIFIED FROM THE TRANSCRIPT · source
“Edison kept asking questions, and Ford kept drawing, for I've always found that I could convey an idea quicker by sketching it than by just describing it. That was a direct quote from Ford. When he was finished, Edison banged a fist on the table so hard that the dishes around him jumped and said Young man, that's the thing you have at it. You have it. Keep at it. He went on to dismiss the competition. Electric cars must keep near to power stations. The storage battery is too heavy. Steam cars won't do either, for they have to have a boiler and a fire. Your car is self contained, carries its own power plant, no fire, no boiler, no smoke, and no steam. You have the thing, keep at it. Edison finished by telling Ford that for the purpose any gas motor was better than any electric motor could be. It could go long.”
2017-07-10 · Founders · #9 I Invented the Modern Age: The Rise of Henry Ford · IDENTIFIED FROM THE TRANSCRIPT · source
“Is it a four cycle engine? Edison had once asked. Four said it was. What ignited the gas in the cylinder? I told him that it was a make and break contact that was pumped apart by the piston and drew a diagram for him of the whole contact arrangement. He was going to improve this on the next car, Ford said, and went on to draw what today we would call a spark plug. It was really an insulating plug with a make and break mechanism using washers of mica. I drew that too.”
2017-07-10 · Founders · #9 I Invented the Modern Age: The Rise of Henry Ford · IDENTIFIED FROM THE TRANSCRIPT · source
“She hated lawyers. He was a brilliant engineer and a brilliant manufacturer, but he did have some Ford did have some quirks and some negative sides to him. I'm not going to cover too much of them. There is some in the book. A lot of it has to do with his distrust of Wall Street. He was a well-known anti-Semite. And just he also, there's a part in the book that's just really strange where he thought he could. He was so successful. The most famous person in America, as we'll see at the end of the podcast, one of the richest people in America, and he wanted, he thought he could put an end to World War I before it began by basically chartering a boat and then going and talking to neutral. There's some fascinating parts of Henry Ford, but like everybody else.”
2017-07-10 · Founders · #9 I Invented the Modern Age: The Rise of Henry Ford · IDENTIFIED FROM THE TRANSCRIPT · source
“So before I move on, I just want to explain what took place in that last paragraph. William Ford was a very proud farmer. He wanted his son to take over the family farm. And from a very early age, Henry Ford hated farming. In fact, he got into engineering and building engines because he wanted to find a way that machines could do the farmwork that he was supposed to do. And so what they mean there by him saying those six words, the timber had all been cut, his father had given him, I think like 40 acres or something like that, as long as he would remove the timber. So he used machines to clear the land and then use the wood to build a house for himself and his wife at the time. And this is also a metaphor for saying that his time on the farm is over and now he's going to move to Detroit and pursue his love of engines and engineering. And then eventually, of course, building the car. So I want to skip ahead. So that part was the idea.”
2017-07-10 · Founders · #9 I Invented the Modern Age: The Rise of Henry Ford · IDENTIFIED FROM THE TRANSCRIPT · source
“He went up to the steps of Edison illuminating, which, founded five years earlier, was now feeding power to one thousand homes and five thousand street lights, and he ran into an elderly man who was just leaving. Who's in charge here? Ford asked him. Charles Phelps Gilbert said I am. What can I do for you? I am an engineer. Have you any work I can do? Well, how much do you know about the work? As much, Ford boldly replied, as anyone my age. That was the interview. Phelps said, Well, I do think we have a place for you. A man was killed last week down at the substation, and we need someone in his place right away. The hours six PM to six AM The salary forty dollars a month.”
2017-07-10 · Founders · #9 I Invented the Modern Age: The Rise of Henry Ford · IDENTIFIED FROM THE TRANSCRIPT · source
“To fix a broken engine, and it's called an auto engine, OTTO. So let's get right into the book. This one, meaning the engine, was smaller and suppler than the first Ford had seen, and he returned home distracted. He sat and brooded over some technical magazines. He mentioned the engine he spent the day with, and he said he believed it could be used to power a horseless carriage. There was more. Ford knew all about forging and tuning metal. He knew all about steam, but the auto engine was fired by an electric spark, and he didn't know much about electricity. To learn, he would have to move to Detroit and get a job with a power company. He told Clara, Clara's his wife, he had hoped that it might be at the Edison Illuminating Company.”
2017-07-10 · Founders · #9 I Invented the Modern Age: The Rise of Henry Ford · IDENTIFIED FROM THE TRANSCRIPT · source
“How Henry Ford came up with the idea for the horseless carriage, specifically the gas-powered horseless carriage, which didn't exist at the time. And then the precursor to him meeting Thomas Edison. And as you'll see, I definitely left out the parts that everybody knows. So everybody knows about the Model T. I think everybody knows that Henry Ford was credited with coming up with a system for mass production and being able to lower prices. So I'm just going to include the parts that were surprising to me when I read the book and just some of them because the book is kind of long. It's like 350 pages. But Richard Snow, the author, did a really good job. So let's get into the idea. At this time, in the story, Ford is just an engineer and a mechanic, and he's been studying engines, usually steam-powered engines for a few years. So he is summoned to Detroit.”
2017-07-10 · Founders · #9 I Invented the Modern Age: The Rise of Henry Ford · IDENTIFIED FROM THE TRANSCRIPT · source
“Protested. These are different times. This is the modern age, and young man, Ford snapped. I invented the modern age. The claim is as preposterous as it is megalomaniacal. It is also largely true. My name is David Senra, and you're listening to founders. My podcast about history's greatest entrepreneurs. This episode is about Henry Ford. I've mentioned on past podcasts that I've been reading the fantastic blog by Tim Urban called Way But Why. And specifically, I found it after going through his multi-part series on Elon Musk. And I was reading the post titled Why Tesla Will Change the World. Well, first of all, I really shouldn't call it a post. They're like, it's like these series that he's doing is like 30,000 words. So they're almost like small books. But I was reading the one that says why Tesla will change the world. And I came across this quote. And this is directly from the blog. I asked Musk about his opinion on Henry Ford. He said, Ford was the kind of guy that when something was in the way, he found a way.”
2017-07-10 · Founders · #9 I Invented the Modern Age: The Rise of Henry Ford · IDENTIFIED FROM THE TRANSCRIPT · source