Bill Crowell
Member
I have heard some people say that Henry Ford entered into the handshake agreement with Harry Ferguson (rather than having his lawyers draft a proper contract) because he was a poor businessman, or out of the goodness of his heart. But based on Ford's prior history of business transactions, I don't think those reasons make sense. He seems to have been a hard-headed businessman who was very dollar-conscious.
My theory is that he did it because he was desperate for draft control as a way to prevent all the "backwards flip" accidents that had been occurring with the Fordson tractor.
I was wondering what you guys think about this.
My theory is that he did it because he was desperate for draft control as a way to prevent all the "backwards flip" accidents that had been occurring with the Fordson tractor.
I was wondering what you guys think about this.