Universal Credit Corporation
Encyclopedia
The Universal Credit Corporation was a financing entity for Ford cars that existed in the US in the 1930s. In 1932, Henry Ford
sold the corporation for $US 50 million in order to finance his manufacturing operations during the 1932 Bank Moratorium.
Henry Ford
Henry Ford was an American industrialist, the founder of the Ford Motor Company, and sponsor of the development of the assembly line technique of mass production. His introduction of the Model T automobile revolutionized transportation and American industry...
sold the corporation for $US 50 million in order to finance his manufacturing operations during the 1932 Bank Moratorium.