March 21, 1932, marked a significant day in the saga of Henry Ford, the automotive mogul who had been hailed as a national hero. His latest move was to unveil two new car models, touted as a panacea for the Great Depression. Ford claimed his venture would put thousands of men back to work and sell cars at a near-loss, thereby saving the nation. The public fawned over the auto magnate, dubbing him the ‘savior of America.’
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Key Facts
- State: Michigan
- Category: Fraud & Financial Crimes
- Era: Historical
- Source: Library of Congress — Chronicling America ↗
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