2min chapter

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#9 I Invented the Modern Age: The Rise of Henry Ford

Founders

CHAPTER

Ford Motor Company

Ford announced in 1916 that henceforth he would be paying dividends of 5% monthly on the company's comically low book capitalization of $2 million. The Dodge brothers calculated that Ford had just torn up $40 million of company profits for no reason at all. Despite their initial misgivings, they quickly created a popular automobile.

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