A Classification of American Wealth
History and genealogy of the wealthy families of America - Sponsors


 Part 1 : Colonial and Mercantile America  Part 2 : America in the Gilded Age
 Part 2 : America in the Twentieth Century  Encyclopedia of American Wealth

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  Part III-Chapter 13 : Automobile and Aviation  > W. C. Durant  :     Previous   1 - 2 - 3 - 4 - 5 - 6 - 7 - 8 - 9 - 10
                                                                                                                                                     
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   William Crapo Durant - the post war recession

Page entitled : Durant overextended General Motors before the recession of 1920

Content of this page is about :
Durant's answer to the Fordson tractor backfired and he again overextended his loosely organized automotive empire just as America slid into recession


Extract :
... The Samson line included the "Iron Horse", a small tractor guided by an operator walking behind, like was the case with horses in the old days. But the old days were over and the design never convinced the farmers. The whole project was a failure and led to a write-off in 1920, to the extent of ...

 

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