The Life and Death (and Life) of the U.S. Auto Industry
1916 saw a huge change in America-the passing of the Federal Aid Road Act. This act provided $75 million of Federal money in 50/50 matching funds to the states; up to 6% of the roads statewide over a 5 year period. Less than one year later, every state would have a Highway Agency to assist in managing the funds. In 1924, Henry Ford debuted his family friendly Model-A vehicle, with a price tag of $260. This price would be equivalent of around $10,000 today.