1 October 1908: the first Model T Ford is built

On this day in October 1908, Henry Ford’s “car for the great multitude” – the Model T – was unveiled to the public. Over the next 19 years, 15 million would be built.

Henry Ford With His Model T © Getty Images
Henry Ford With His Model T
(Image credit: © Getty Images)

In the early days of motoring, cars were playthings of the wealthy, far out of reach of the average worker. But Henry Ford believed that the motor car was a necessity. He vowed to build “a motor car for the great multitude”.

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Ben Judge

Ben studied modern languages at London University's Queen Mary College. After dabbling unhappily in local government finance for a while, he went to work for The Scotsman newspaper in Edinburgh. The launch of the paper's website, scotsman.com, in the early years of the dotcom craze, saw Ben move online to manage the Business and Motors channels before becoming deputy editor with responsibility for all aspects of online production for The Scotsman, Scotland on Sunday and the Edinburgh Evening News websites, along with the papers' Edinburgh Festivals website.

Ben joined MoneyWeek as website editor in 2008, just as the Great Financial Crisis was brewing. He has written extensively for the website and magazine, with a particular emphasis on alternative finance and fintech, including blockchain and bitcoin. 

As an early adopter of bitcoin, Ben bought when the price was under $200, but went on to spend it all on foolish fripperies.