Benefits to Bailing Out the Big 3 Essay Example | Topics and Well Written Essays - 2000 words

Benefits to Bailing Out the Big 3 - Essay ExampleSure, these companies will be subject to certain conditions when borrowing federal property however, it is no different if they were to borrow from a bank. Banks also like to see what the borrowed money will be employ for, and in some instances, they like to see an entire plan drafted up before letting the money go. Lenders like to see that the one they are lending to has a purpose for borrowing from them, and the borrower is subject to those price until the loan is paid off. While numerous individuals put a lot of effort into disputing why service of process these three companies with their losses is not a good idea, there are a number of reasons why the bail out of these three companies makes great sense for the American people.First of entirely, we must look at how long these three companies have been in business, as well as the history behind these companies. hybridizing has been in business since 1903, when it was premier f ounded by Henry Ford, Sr. The first car manufactured by the ford family, known as the Model T, was ready to deliver to the public in 1925. This company was the first to put the first car on the road, as well as the first to make cars for sale to the masses. Ford made sure just about anyone could afford to have a car, as they did any(prenominal) possible to cater to those of the middle class. Not to mention, Ford is big on human rights and providing jobs to the jobless, and their priority has evermore been to make sure that everyone working for them receives fair wages, as they were the first to enact a five dollar bill a day policy. Ford has been proven to make a large impact on America, plain today. Ford has always done business in this fashion since their very beginning, as they have always been all about the people (NPR), (Ford Motor Company).Then, there is normal Motors, a company that has been around to the highest degree just as long as Ford. General Motors is the manuf acturer of some of the most popular cars, much(prenominal) as the Cadillac, the Pontiac, and the Hummer, a car that a lot of people try to get their hands on to drive in ultimate luxury (Merchandise, General Motors). General Motors was founded in 1908 by William C. Durant, and has now move the worlds largest manufacturer of cars. Though General Motors has had a rocky history-the company sinking into debt after doing well for both years, Durant resigning from his company in 1920 to later file for personal bankruptcy, a violent sit-down strike in Flint Michigan by hourly workers in the year 1937, another strike occurring for one cytosine and thirteen days mingled with 1945 and 1946, being convicted of conspiracy in 1949, losing more than $750,000,000 in 1980 due to the bone in sales on cars and trucks, and another strike that occurred in 1998 that almost shut down all of General Motors production in North America-they have accomplished a great deal. Some of the accomplishments o f General Motors was that a Cadillac was made with the first electric self starter in history, General Motors accounted for twelve share of the car market in the United States, they expanded to working overseas, first starting in Britain and Germany between 1925 to 1929, their market shares rose to 41% in 1941, were the first to manufacture cars with air conditioning,, and they have gone as far as to selling cars in